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3 problems match “uniform distribution”. Clear

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  1. 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.
  2. Optimal bid for an object ●●●○○ 50 ptsThe owner's value VV of an object is uniformly distributed on [0,100][0, 100] dollars, and its value to you is 1.8V1.8V. You make one sealed bid of bb dollars. If bb is more than the owner's value, he sells it to you and you pay bb; otherwise you get nothing. Choose bb to maximise your expected profit. What bid bb (in dollars) should you make?
  3. Rebid probability for close bids ●●●○○ 50 ptsTwo construction companies make bids XX and YY on a remodeling project. The joint density of XX and YY is uniform on the rectangle 2<x<2.52<x<2.5, 2<y<2.32<y<2.3. If XX and YY 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.