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QUESTION 1 Let X be a random variable indicating the water capacity of a dam on a specific date, (varying from 0 indicating the dam
QUESTION 1
Let X be a random variable indicating the water capacity of a dam on a specific date, (varying from 0 indicating the dam is empty to a 1 indicating the dam is full). Assume the water capacity, X, is modelled by df, F: F(x) = x3 . If 7 of the major dams in the Western Cape are observed on this specific date (assume independence), what is the probability that the fullest dam (of the 7) has a capacity more than 0.90?
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