In a continuous uniform distribution, minimum maximum 2 and range 12 a Find the mean and standard deviation for the distribution of the subway waiting times represented in Figure b For a continuous uniform distribution with m 0 and s 1, the minimum is 23 and the maximum is 23 For this continuous un...

a 25min and 5 14 min b The probability is 1 3 or ...

In a continuous uniform distribution, = minimum + maximum / 2 and = range /

Question:

In a continuous uniform = minimum + maximum / 2 and σ = range / √12
a. Find the mean and standard deviation for the of the subway waiting times represented in Figure.
b. For a continuous uniform with m = 0 and s = 1, the minimum is -23 and the maximum is 23. For this continuous uniform find the probability of randomly selecting a value between – 1 and 1, and compare it to the value that would be obtained by incorrectly treating the as a standard normal Does the affect the results very much?
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...