billythe1st
billythe1st
03.03.2020 • 
Mathematics

If a typical competitor has a B/C ratio with mean=1.05 and standard deviation=0.09, what is the markup associated with a 30% probability of beating four typical competitor based on  (1) Friedman’s method (1.5 point) and  (2) Gate’s method (1.5 point)?

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