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Order Statistics, Example 1 | Probability | Joint Probability Density
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In this video tutorial, we study a probability problem in which we need to find the probability of the largest among three independent and uniformly distributed random variables is greater than the sum of the other two. We use two approaches; in the first one, we utilize the order statistics; in the second one, we just use the joint probability density directly.
This tutorial should be useful for reviewing probability theory or preparing for the Actuary SOA EXAM P.
This tutorial should be useful for reviewing probability theory or preparing for the Actuary SOA EXAM P.
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