A company found that monthly reimbursements to their employees could be adequately modeled by a uniform distribution over the interval $10,000 < x < 15,000. What is the probability of employee reimbursements exceeding $12,000 next month?

0.6 = 60% probability of employee reimbursements exceeding $12,000 next month

Step-by-step explanation:

A distribution is called uniform if each outcome has the same probability of happening.

The uniform distributon has two bounds, a and b, and the probability of finding a value higher than x is given by:

A company found that monthly reimbursements to their employees could be adequately modeled by a uniform distribution over the interval $10,000 < x < 15,000.

This means that, in thousands of dollars,

What is the probability of employee reimbursements exceeding $12,000 next month?

0.6 = 60% probability of employee reimbursements exceeding $12,000 next month

correct answers below: