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Statistics and probability at - w) (5.2) Let X, denote the water level in a dam at time t, where t is measured in months.
Statistics and probability
at - w) (5.2) Let X, denote the water level in a dam at time t, where t is measured in months. We will assume that at least until the first time that the dam gets empty (i.e. X, = 0), X can be modeled as a Brownian motion with drift / = +1 and variance o = 1. if the initial water level is Xo = 200, find the probability that the water level reaches 210 before dropping below 100Step by Step Solution
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