Let X be a random variable with a continuous distribution such that the median absolute deviation is Prove that the median absolute deviation of aX b is a for all a 0 and all b ...

According to the solution to Exercise 11 the median of aX b is am b w ...

Let X be a random variable with a continuous distribution such that the median absolute deviation is

Question:

Let X be a random variable with a continuous such that the median absolute deviation is σ. Prove that the median absolute deviation of aX + b is aσ for all a > 0 and all b.
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...