Project Euler Lab - Problem 695

#695 - Random Rectangles

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Three points, \(P_1\), \(P_2\) and \(P_3\), are randomly selected within a unit square. Consider the three rectangles with sides parallel to the sides of the unit square and a diagonal that is one of the three line segments \(\overline{P_1P_2}\), \(\overline{P_1P_3}\) or \(\overline{P_2P_3}\) (see picture below).

3 random rectangles

We are interested in the rectangle with the second biggest area. In the example above that happens to be the green rectangle defined with the diagonal \(\overline{P_2P_3}\).

Find the expected value of the area of the second biggest of the three rectangles. Give your answer rounded to 10 digits after the decimal point.

This problem is taken from Project Euler, Problem 695.
Problem text © Project Euler, licensed under CC BY-NC-SA 4.0. Original: projecteuler.net/problem=695. Published Saturday, 28th December 2019, 10:00 pm. Solved by 260 members at time of mirroring.

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Direct Quant. Markov/absorbing-state and simulation reasoning is exactly the machinery behind pricing, risk, and execution models (Phases 7, 8, 13).

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