Scott has 1/3 of the computer games as Anish, and Anish has 1/2 as many games as Nick. Together they have 140 games. How many do
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Answer:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that your bid will be accepted would be 0.41
Step-by-step explanation:
Let X the random variable of interest "the bid offered" and we know that the distribution for this random variable is given by:
If your offer is accepted is because your bid is higher than the others. And we want to find the following probability:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that your bid will be accepted would be 0.41