Find probability low bid next intrastate shipping contract

Reference no: EM131025661

Upon studying low bids for shipping contracts, a microcomputer manufacturing company finds that intrastate contracts have low bids that are uniformly distributed between 20 and 25, in units of thousands of dollars. Find the probability that the low bid on the next intrastate shipping contract

a is below $22,000.

b is in excess of $24,000.

Reference no: EM131025661

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