Use the information below for the following four questions. The return on a corporate bond is distributed as a Uniform Random Variable with a minimum return of 2 percent and a maximum return of 12 percent, i.e. [ 2,12].
1. What is the probability that the return is greater than 4 percent?
2. What is the probability that the return is between 4 percent and 8 percent?
3. What is the mean of this distribution, i.e., the expected return?
4. What is the variance of this distribution?