At an auction, exactly 282 people place requests for an item. The bids are placed blindly, which

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At an auction, exactly 282 people place requests for an item. The bids are placed "blindly," which means that they are placed independently, without knowledge of the actions of any other bidders. Assume that each bid (measured in dollars) is a Continuous Uniform random variable on the interval [10.50, 19.30]. Find the probability that the sum of all the bids exceeds $4150.
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Introduction to Probability

ISBN: 978-0716771098

1st edition

Authors: Mark Daniel Ward, Ellen Gundlach

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