𝑓(𝑦) = 5𝑦^4; 0 ≤ 𝑦 ≤ 1 A group of 3 friends order small cups of soda, from the soda dispenser. If the 3 small cups are considered a random sample from the dispenser fills, find the probability distribution for the minimum fill and answer, according to the customer satisfaction benchmark. If customer satisfaction is benchmarked as satisfied by a fill of 2/3 or more for their chosen cup size, what is the probability, to 3 decimal places, that all three friends are satisfied with their small cup? (You must answer in terms of the minimum order statistic 𝑌1′.)
Using order statistic, I can find the f(Ymin) with the equation: n*[1-F(y)]^(n-1)*f(y), where F(y) is the CDF and f(y) is the given pdf from above (1st line). I can find the probability of f(Y'1) or f(Ymin) by taking the integral of the pdf. But to find all three friends are satisfied, would I then cube the probability that I found since all three friends success are independent?