# Let X1, X2, …, Xn be random variables denoting n independent bids for an item that is for sale….

Let X1, X2, …, Xn be random variables denoting n independent bids for an item that is for sale….
Let X1, X2, …, Xn be random variables denoting n independent bids for an item that is for sale. Suppose each Xi is uniformly distributed on the interval [100, 200]. If the seller sells to the highest bidder, how much can he expect to earn on the sale? [Hint: Let Y = max(X1, X2, …, Xn). Use the results of Sect. 4.9 to find E(Y).]Refer back to Exercise 145.  (a) Determine the marginal pdf of X and the conditional pdf of Y given X = x. (b) Write a program to simulate (X, Y) using the conditional distributions method presented in this section.  (c) What advantage does this method have over the accept–reject approach used in Exercise 145? Apr 08 2022 03:23 PM

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.