User Account

All Pages

Uniform distribution over the interval

Assignment Help Business Economics
Reference no: EM131932656

The continuous random variable X has a uniform distribution over the interval [-1, 7].

Provide your answer to two decimal places (2 dp).

1. The mean of  X is:

2. Find  P(X≤1)

Reference no: EM131932656

Questions Cloud

In terms of the capital budgeting process-net cash flows : In terms of the capital budgeting process, net cash flows are
Determine the proportion of college students : A university administrator conducts a study to determine the proportion of college students at State University, who have bought laptop computers in the last 6
Discuss the three most important legal developments : After the assassination of President Lincoln, President John pursued a conciliatory plan to restore civil government in the former Confederate states.
Discuss the phases of the team-building cycle : In addition, provide examples of how these problems can serve as detriments to team success. Also, outline the phases of the team-building cycle.
Uniform distribution over the interval : The continuous random variable X has a uniform distribution over the interval [-1, 7].
Goal for managers of publicly owned companies implies : The primary financial goal for managers of publicly owned companies implies that decisions should be made to maximize the long-run
Explain the conservative arguments for laissez fair : Explain the conservative arguments for laissez fair, and explained how the supreme court used such arguments to rule reforms unconstitutional.
What is the probability that x will lie between 1 and 2 : Let X be a continuous random variable with the probability distribution function f(x) and the cumulative distribution function F(x).
What is the expected value of playing game : What is the expected value of playing this game? (round to the nearest whole number)

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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