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3 problems match “uniform distribution”. Clear
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- Second and third rolls exceed first ●●○○○ 20 ptsA fair six-sided die is rolled three times. Find the probability that the second and third rolls are both larger than the first roll. Round to two decimal places.
- Optimal bid for an object ●●●○○ 50 ptsThe owner's value of an object is uniformly distributed on dollars, and its value to you is . You make one sealed bid of dollars. If is more than the owner's value, he sells it to you and you pay ; otherwise you get nothing. Choose to maximise your expected profit. What bid (in dollars) should you make?
- Rebid probability for close bids ●●●○○ 50 ptsTwo construction companies make bids and on a remodeling project. The joint density of and is uniform on the rectangle , . If and are within 0.1 of each other, the companies are asked to rebid; otherwise the lower bidder gets the contract. Find the probability that the companies are asked to rebid. Round to two decimal places.