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Economics Statistics And Probability Setattached Questionsnumbers 14

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The lowest of the other bids,
10 a. 10 P ( X lt;10 )=∫ f ( x ) dx=∫
8 8 X U [ 8, 20 ]
10 f ( x )= 1
1
= ,8 ≤ x ≤ 20 .
20−8 12 10 10−8
1
1
1
2 1
dx= ∫ 1 dx=
x|8 =
= =
12
12 8
12
12
12…Statistics and Probability