Cumulative distribution function of a random variable

Assignment Help Business Economics
Reference no: EM131877347

Suppose the cumulative distribution function of a random variable X is given by F(x) = 0 if x<0

= 0.5x if 0<=x<1

= 1 if x>=1

(a) Is X a discrete random variable? Is X a continuous random variable? Why?

(b) Compute P (X ≤ 0.5).

(c) Compute P (X > 1/3).

(d) Compute P (X = 0.5).

(e) Compute P (X = 1).

(f) Compute P(0 ≤ X ≤ 0.75).

(g) ComputeP(0.5≤X<1).

Reference no: EM131877347

Questions Cloud

Discuss some of the things your sensory system controls : Discuss some of the things your sensory system controls in your body. What are some things that can happen if the system does not work properly?
What test statistic should be used and why : a. State the null and alternative hypotheses needed to conduct this test?
Determine the possible reductions of human capital : Determine the possible reductions of human capital that can be realized from implementing cloud and virtualization technologies.
Write two page paper on the given topic : Please submit a 2 page paper on the topic being presented. Cite all resources. Anthropocine
Cumulative distribution function of a random variable : Suppose the cumulative distribution function of a random variable X is given by F(x) = 0 if x
What amount of gross profit or loss on long-term contract : Harpley Construction Company contracted to build a parking garage for $42,000,000. What amount of gross profit or loss on the long-term contract
What is the average life time of the radio : Suppose the lifetime of a radio is a random variable T, with the following p.d.f.
Describe how the process is performed : Explain how the process you have chosen meets the definition of biotechnology. Describe how the process is performed.
Manufacturing system to function properly : Suppose the time (in hours) until a machine needs realignment for a manufacturing system to function properly is a Weibull random variable

Reviews

Write a Review

Business Economics Questions & Answers

  Q1 a television station is considering the sale of

q1. a television station is considering the sale of promotional dvds. it can have the dvds produced by one of two

  What is my expected irr for the year

I believe that interest rates will drop and that I can sell it in a year for $10,000. What is my expected IRR for the year?

  How technology changed the purchasing and selling behavior

"How has technology changed the purchasing and selling behavior?" what happened to your purchasing behavior once you adopted your smart phone, are you being more smartphonic in buying or selling items online.

  What is the annual interest rate in this situation

Assume that $90 invested a year ago will return $110 a year from now. What is the annual interest rate in this situation?

  Illustrate what was average annual return with continuous

Your mutual fund increased in value from $10 to $40 over the last 15 years. Illustrate what was the average annual return with continuous compounding for the mutual fund over the 15 year period.

  Apple and samsung are competing in duopoly

Apple and Samsung are competing in a duopoly. If both companies charge a high price, they each earn $900 million in economic profit. If both companies charge a low price, they each earn $500 million in economic profit. Construct a payoff matrix displ..

  What is the amount of the annual payment

A Japanese carmaker plans to expand its production in the United States. The company borrowed $170 million for this expansion at an interest rate of 8% per year. The loan will be repaid in equal payments at the end of each year over a 15-year period...

  Determinant of bordered hessian matrix

Determinant of bordered Hessian matrix is 57,600. F. If income went up by $1.00, by how much would utility rise.

  Draw the budget contraint of the consumer

Suppose a customer is able to consume the following bundles of rice and beans when the initial price of rice(x) is $5 and the initial price of beans(y) is $10. This consumer's initial income is $100 dollar. Draw the budget contraint of the consumer.

  Charge a price higher than under perfect competition

If the government imposed a direct price regulation that did not allow a natural monopoly with constant marginal cost to charge a price higher than under perfect competition:

  Discuss the equilibrium using graphs for the entire market

Discuss the equilibrium using graphs for the entire market and for an individual producer. Now suppose that textile producers in other countries are willing to sell large quantities of cloth in the United States for only $25 per unit.

  When a purely competitive firm is in long-run equilibrium

When a purely competitive firm is in long-run equilibrium, price is equal to:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd