The probability of a grand piano selling for more than $69,400 is 0.3258. As these pianos sell across the country, what is the probability that the first piano that sells for more than $69,400 is the third piano?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The probability of a grand piano selling for more than $69,400 is 0.3258. As these pianos sell across the country, what is the probability that the first piano that sells for more than $69,400 is the third piano?
Transcribed Image Text:The probability of a grand piano selling for more than $69,400 is 0.3258. As these pianos sell across the country, what is the probability that the first piano that sells for more than $69,400 is the third piano?
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