Continuous uniform distribution, Mathematics

Assignment Help:

Continuous Uniform Distribution

Consider the interest earned on a bank deposit. Let X equal the value after the decimal point. (Assume no rounding off to the nearest paise.) For instance, if the interest = Rs.72.587, then X = 0.587.

X can take any value between 0 and up to but not including 1. We may assume that each value is equally likely. In which case, X is said to have a continuous Uniform Distribution.

Figure 

2082_continuous uniform distribution.png

The probability density function of a typical random variable is given by

242_continuous uniform distribution1.png

Note that the area under the curve equals 1.

It can be shown:

m = E(X) = (a + b)/2

s2 = V(X) = (b - a)2/12                              


Related Discussions:- Continuous uniform distribution

Operations with rational numbers, larry spends 3/4 hours twice a day walkin...

larry spends 3/4 hours twice a day walking and playing with his dog. He spends 1/6 hours twice a day feeding his dog. how much time does larry spend on his dog each day?

Find out the total number people and the total number car, A national park ...

A national park remains track of how many people per car enter the park. Today, 57 cars had 4 people, 61 cars had 2 people, 9 cars had 1 person, and 5 cars had 5 people. What is th

Minimizes the sum of the two distance, The value of y that minimizes the su...

The value of y that minimizes the sum of the two distances from (3,5) to (1,y) and from (1,y) to (4,9) can be written as a/b where a and b are coprime positive integers. Find a+b.

Statistics, Calculate the Kendaul''s correlation cofficient for a given dat...

Calculate the Kendaul''s correlation cofficient for a given data.

Algebra 1, Im having trouble with this word problem: The three Math Idol j...

Im having trouble with this word problem: The three Math Idol judges have been eliminating contestants all day! The number of one-step equations and two-step equations who have be

Algebra, 25 algebraic equations that equal 36

25 algebraic equations that equal 36

Fractions, Andre''s boss asked him to arrange bolts placing the shortest bo...

Andre''s boss asked him to arrange bolts placing the shortest bolt near the front 1 and three fourth inch 1 and 5 eigths 1 and 11 sixteenths which is the shortest

Write Your Message!

Captcha
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