/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q3E Suppose that a random variable X... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Suppose that a random variable X has a continuous distribution for which the pdf is as follows:

\(f\left( x \right) = \left\{ {\begin{aligned}{{}{}}{{e^{ - x}}}&{{\rm{for }}x > 0}\\0&{{\rm{otherwise}}}\end{aligned}} \right.\)

Determine all the medians of this distribution.

Short Answer

Expert verified

The median of X is \(\ln 2\).

Step by step solution

01

Given information

The random variable X has a continuous distribution for which the pdf is as shown below.

\(f\left( x \right) = \left\{ {\begin{aligned}{{}{}}{{e^{ - x}}}&{{\rm{for }}x > 0}\\0&{{\rm{otherwise}}}\end{aligned}} \right.\)

02

Find cdf of X

We know that:

\(\begin{aligned}{}F\left( x \right) &= \int\limits_0^x {f\left( x \right)dx} \\ &= \int\limits_0^x {{e^{ - x}}dx} \\ &= 1 - {e^{ - x}}.\end{aligned}\)

Then, the cumulative distribution function of X is \(F\left( x \right) = \left\{ {\begin{aligned}{{}{}}0&{{\rm{for }}x < 0}\\{1 - {e^{ - x}}}&{{\rm{for }}x > 0}\end{aligned}} \right..\)

03

Find the median of X

Let the median of X be m. Then, we have:

\(\begin{aligned}{}\Pr \left( {X \le m} \right) = \frac{1}{2}\\\,\,\, \Rightarrow 1 - {e^{ - m}} = \frac{1}{2}\\\,\,\,\,\,\,\,\,\,\, \Rightarrow {e^{ - m}} = \frac{1}{2}\\\,\,\,\,\,\,\,\,\,\,\,\,\,\, \Rightarrow m = \ln 2\end{aligned}\)

Similarly:

\(\begin{aligned}{}\,\,\,\,\,\,\,\,\,\,\,\,\,\Pr \left( {X \ge m} \right) = \frac{1}{2}\\ \Rightarrow 1 - \Pr \left( {X < m} \right) = \frac{1}{2}\\\,\,\,\,\, \Rightarrow 1 - \left( {1 - {e^{ - m}}} \right) = \frac{1}{2}\\\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, \Rightarrow {e^{ - m}} &= \frac{1}{2}\\\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, \Rightarrow m &= \ln 2.\end{aligned}\)

Thus, \(m = \ln 2\) satisfies both the conditions of a median. Hence, \(m = \ln 2\) is the median of X.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Suppose that the return R (in dollars per share) of a stock has a uniform distribution on the interval [−3, 7]. Suppose also that each share of the stock costs $1.50. Let Y be the net return (total return minus cost) on an investment of 10 shares of the stock. Compute E(Y ).

Consider the box of red and blue balls in Examples 4.2.4 and 4.2.5. Suppose that we sample n>1 balls with replacement, and let X be the number of red balls in the sample. Then we sample n balls without replacement, and we let Y be the number of red balls in the sample. Prove that\({\bf{{\rm P}}}\left( {{\bf{X = n}}} \right){\bf{ > {\rm P}}}\left( {{\bf{Y = n}}} \right)\)

Suppose that a point\({{\bf{X}}_{\bf{1}}}\)is chosen from the uniform distribution on the interval\(\left( {{\bf{0,1}}} \right)\)and that after the value\({{\bf{X}}_{\bf{1}}}{\bf{ = }}{{\bf{x}}_{\bf{1}}}\)is observed, a point\({{\bf{X}}_{\bf{2}}}\)is chosen from a uniform distribution on the interval\(\left( {{{\bf{x}}_{\bf{1}}}{\bf{,1}}} \right)\). Suppose further that additional variables\({{\bf{X}}_{\bf{3}}}{\bf{,}}{{\bf{X}}_{\bf{4}}}{\bf{,}}...\)are generated in the same way. Generally,\({\bf{j = 1,2,}}...{\bf{,}}\)after the value\({{\bf{X}}_{\bf{j}}}{\bf{ = }}{{\bf{x}}_{\bf{j}}}\)has been observed,\({{\bf{X}}_{{\bf{j + 1}}}}\)is chosen from a uniform distribution on the interval\(\left( {{{\bf{x}}_{\bf{j}}}{\bf{,1}}} \right)\). Find the value of\({\bf{E}}\left( {{{\bf{X}}_{\bf{n}}}} \right)\).

Suppose that\({\bf{X}}\),\({\bf{Y}}\),and\({\bf{Z}}\)are three random variables such that\({\bf{Var}}\left( {\bf{X}} \right){\bf{ = 1}}\),\({\bf{Var}}\left( {\bf{Y}} \right){\bf{ = 4}}\),\({\bf{Var}}\left( {\bf{Z}} \right){\bf{ = 8}}\),\({\bf{Cov}}\left( {{\bf{X,Y}}} \right){\bf{ = 1}}\),\({\bf{Cov}}\left( {{\bf{X,Z}}} \right){\bf{ = - 1}}\),and\({\bf{Cov}}\left( {{\bf{Y,Z}}} \right){\bf{ = 2}}\). Determine (a)\({\bf{Var}}\left( {{\bf{X + Y + Z}}} \right)\)and (b)\({\bf{Var}}\left( {{\bf{3X - Y - 2Z + 1}}} \right)\).

Suppose that X has the uniform distribution on the interval \(\left( {0,1} \right)\). Compute the variance of X.

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.