The opening prices per share Y1 and Y2 of two similar stocks are independent random
Chapter 6, Problem 6.87(choose chapter or problem)
The opening prices per share Y1 and Y2 of two similar stocks are independent random variables, each with a density function given by f (y) = $ (1/2)e(1/2)(y4) , y 4, 0, elsewhere. On a given morning, an investor is going to buy shares of whichever stock is less expensive. Find the a probability density function for the price per share that the investor will pay. b expected cost per share that the investor will pay
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