A distribution sometimes used to model the largest item in a sample is the extreme value distribution.
Question:
F(x) = e−e−x
Let X be a random variable with this distribution.
a. Find P(X ≤ 0).
b. Find P(X > ln 2).
c. Find the median of X.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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