A company announces that it will soon release a cheap Smart Watch. It opens a contest to guess the retail price of the watch, with the information that it will be more than $24.95 but no more than...

Extracted text: A company announces that it will soon release a cheap Smart Watch. It opens a contest to guess the retail price of the watch, with the information that it will be more than $24.95 but no more than $49.95. They decide to give a free watch to anyone who guesses close enough, which is in the range $30.00 < price="" s="" $31.00.="" their="" experience="" is="" that="" any="" price="" at="" all="" is="" equally="" likely="" to="" be="" guessed.="" they="" receive="" 52="" entries,="" which="" seem="" to="" be="" from="" different="" customers.="" what="" is="" the="" probability="" that="" exactly="" 3="" customers="" will="" win="" a="" watch?="">