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If x, the time (in minutes) to complete an change job at certain auto service station, is uniformly distributed over the interval 20 to 30, inclusively (20 x 30) , then the probability that an oil change job is completed in 33 to 35 minutes, inclusively, i.e., P(33 x 35) is __________________.
Collude
Collude means to cooperate with others, usually in secret, especially with competitors to achieve a deceitful purpose, like fixing market prices.
Payoff Matrix
A payoff matrix is a table that shows the potential outcomes or payoffs from different strategies chosen by players in a strategic game.
Strategy Combinations
Various tactics or methods combined and deployed by businesses or individuals to achieve desired goals or outcomes.
Target Payoffs
Expected or desired financial returns from an investment strategy or economic activity.
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