2. Suppose annual benefits for a particular item are distributed uniformly between 200 and 250. a. What's the expected value for the item's annual benefits? o. Suppose an item chosen at random gets annual benefits of $231. What percentile is this in? c. What's the likelihood of the item being profitable if its cost is $1475, its salvage value is $10 ts life is 7 years, and interest is 5%?

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