3.33 Suppose a certain type of small data prô Y that makes a profit is given by {ky (1-y) 0< yS1, {0, f(y) = %3D elsewhere. valid density function? make a profit in the first year. (C) Find the probability that at least 80% of the firm make a profit in the first year.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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Y that makes a profit is given by
f(y) =
Į ky (1-y)
0 <y < 1,
%3D
elsewhere.
valid density function?
make a profit in the first year.
(c) Find the probability that at least 80% of the firm:
make a profit in the first year.
Transcribed Image Text:Y that makes a profit is given by f(y) = Į ky (1-y) 0 <y < 1, %3D elsewhere. valid density function? make a profit in the first year. (c) Find the probability that at least 80% of the firm: make a profit in the first year.
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