A severe rainstorm is defined as a storm with 8 in or more of rain The cumulative distribution function of X as the random variable defining the amount of rain from a severe rainstorm is (a) Compute a (b) Graph both the density and the cumulative functions (c) Compute the mean, median, and variance of I (d) Compute the COV (e) Compute the probability that the return on investment exceeds 5 Fx(x) 0 for x 8 x 8

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Question: A severe rainstorm is defined as a storm with 8 in. or more of rain. The cumulative distribution function of X as the random variable

A severe rainstorm is defined as a storm with 8 in. or more of rain. The cumulative distribution function of X as the random variable defining the amount of rain from a severe rainstorm is Fx(x) = 0 for x 8 x

(a) Compute

(b) Graph both the density and the cumulative functions.

(c) Compute the mean, median, and variance of I.

(d) Compute the COV?

(e) Compute the probability that the return on investment exceeds 5%.

Fx(x) = 0 for x 8 x

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