CFA Practice Question

CFA Practice Question

The incomes of employees for a city are uniformly distributed between $40,000 and $50,000. There are a total of 2,500 employees. Approximately how many employees receive wages between $43,500 and $46,800?
A. 3,300
B. 825
C. 330
Explanation: The total range is $50,000 - $40,000 = $10,000. The covered range is $46,800 - $43,500 = $3,300. So the number of employees will be 2,500 * (3,300/10,000) = 825.

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