Probability that the point is nearer to the surface
Question: If a point inside a sphere is selected at random, what is the probability that the point is nearer to the surface than to the center of the sphere?
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On July 1, 2010, Spear Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2010 and mature on April 1, 2020. Interest is payable semiannually on April 1 and October 1.
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If a point inside a sphere is selected at random, what is the probability that the point is nearer to the surface than to the center of the sphere?
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Its key advantage is high internal validity; its disadvantage is that randomization is often ethically or practically impossible.
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