What is the probability that the annual net profit

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Reference no: EM13319828

A small company estimates that its net profit for the year will be between $100,000 and $120,000. It believes that the actual value is equally likely to fall anywhere within that range. What is the probability that the annual net profit will be:

a) Over $114,000?

b) In the range between $109,500 and $112,000?

Reference no: EM13319828

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