Current learning objective: The Uniform Distribution Question 17 Score: 0 of 4 points Suppose that the value of a stock varies each day from \( \$ 11.82 \) to \( \$ 16.17 \) with a uniform distribution. Find the third quartile, i.e, \( 75 \% \) of all days the stock is below what value? \( \$ \) Enter your answer Round your answer to 2 decimal places.

To find the third quartile (Q3) of a uniform distribution, you can use the formula: \[ Q3 = a + 0.75 \times (b - a) \] where \( a \) is the minimum value and \( b \) is the maximum value. Here, \( a = 11.82 \) and \( b = 16.17 \). Plugging in the values: \[ Q3 = 11.82 + 0.75 \times (16.17 - 11.82) \] \[ = 11.82 + 0.75 \times 4.35 \] \[ = 11.82 + 3.2625 \] \[ = 15.0825 \] Rounding it to two decimal places, the answer is: \(\$ 15.08\) So, 75% of all days, the stock is below \$15.08.