Which Variable Is Largest

Probability
Order Statistics
Easy
X, Y and Z are independent, identically distributed continuous random variables. What is the probability that X is the largest of the three?
Hint 1

Ties have probability zero for continuous random variables.

Hint 2

By symmetry, each of the three variables is equally likely to be the maximum.

Show worked solution
  1. 1. Use symmetry

    Since X, Y and Z are exchangeable and continuous, each variable is equally likely to attain the maximum value.

  2. 2. Normalize

    The three probabilities sum to .

Answer: 1/3

Related roles: Browse quant jobs

Related problems