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

Find the perameter of square in maths, Find the perameter of SQUARE in math...

Find the perameter of SQUARE in maths? Remember that in a square, all sides are of equal length. A square is also a kind of rectangle. So, you can use length (l) times width

.fractions, what is the difference between North America''s part of the tot...

what is the difference between North America''s part of the total population and Africa''s part

Algebra, 25 algebraic equations that equal 36

25 algebraic equations that equal 36

Potency of a drug , An experiment designed to test the potency of a drug on...

An experiment designed to test the potency of a drug on 20 rats. Last animal studies have shown that a 10 mg dose of the drug is lethal 5% of the time within the first 4 hours; of

Determine the slope, Determine the slope following lines.  Sketch the graph...

Determine the slope following lines.  Sketch the graph of line.       The line which contains the two points (-2, -3) and (3, 1) .   Solution we'll need to do is employ

Determine the matrix that performs a horizontal compression, (a) Determine ...

(a) Determine the matrix that first rotates a two-dimensional vector 180° anticlockwise, and then per- forms a horizontal compression of the resulting vector by a factor 1/2 (leavi

Exercise of concrete operational stage, Which of the following statements d...

Which of the following statements do you think are true about children? Indicate with 'T' for true and for false. Give reasons for your choice. a) Most primary school children a

Give the introduction to ratios and proportions, Give the introduction to R...

Give the introduction to Ratios and Proportions? A ratio represents a comparison between two values. A ratio of two numbers can be expressed in three ways: A ratio of "one t

Relative measures of dispersion-illustration, Illustration 2 In a ...

Illustration 2 In a described farm located in the UK the average salary of the employees is £ 3500 along with a standard deviation of £150 The similar firm has a local

Unitary method, what is history of Unitary method

what is history of Unitary method

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