Amount of needed discounts ranges


Buyers often insist upon discounts for large orders. Experience describes that the amount of their needed discounts ranges from 0 to 24% with uniform distribution. If D is the random variable giving percent discount, determine a formula for the p.d.d of D and use it to calculate the probability that a new buyer will expect discount which is between 6% and 15%. Provide your answer rounded to four decimal places.

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Basic Statistics: Amount of needed discounts ranges
Reference No:- TGS0866059

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