Uniformly distributed random variable over the interval

Assignment Help Business Economics
Reference no: EM13984970

If Y is a continuous, uniformly distributed random variable over the interval (4,10), then the value of the PDF between 4 and 10 is: (Answer is the bold one, I need to know how to produce this answer with given work

a. 0 b. 0.067 c. 0.135 d. 0.167 e. 0.25

Reference no: EM13984970

Questions Cloud

Probability of being both short-haired-working at small firm : Suppose there are two types of law school students: Short-haired and Long-haired. Additionally, law students generally choose between two types of firms when they graduate: Big and Small. Then, what is the probability of being both Short-haired and w..
What is its weighted average cost of capital : If you were a manager of a company, which of the three right side components of the DuPont Identity would you want to increase and which would you want to decrease, other things being equal? Give a specific example for how to do that for each of t..
What is the value of the capacitance and inductance : The circuit contains a single element other than the generator. Is it a capacitor, an inductor, or a resistor? What is the value of the capacitance, inductance, or resistance, as the case may be?
Economists generally dislike the restriction of trade : Economists generally dislike the restriction of trade because it:
Uniformly distributed random variable over the interval : If Y is a continuous, uniformly distributed random variable over the interval (4,10), then the value of the PDF between 4 and 10 is: (
Identification of correct legal issues : Explain and apply their knowledge of the relevant Australian Tax Laws using the three step process. Briefly the process
Monetary policy responses of the federal reserve : Explain what caused the Great Recession of 2008 and then assess the fiscal policy responses of the federal government and the monetary policy responses of the Federal Reserve
Secondary reason for a government to impose a tariff : A secondary reason for a government to impose a tariff is to:
Explain how the great depression affected the us economy : Explain how the great depression affected the us economy, what caused it, why it was so severe, why it lasted for so long, and why the economy finally recovered

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!

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