A random number generator is used to generate a real number between 0 and 1, equally likely
Question:
A random number generator is used to generate a real number between 0 and 1, equally likely to fall anywhere in this interval of values. (For instance, 0.3794259832c is a possible outcome.)
a. Sketch a curve of the probability distribution of this random variable, which is the continuous version of the uniform distribution (see Exercise 6.1).
b. The probability that the number falls in the interval from 0 to the mean is 50%. Find the mean. (Remember that the total area under the probability curve is 1.)
c. Find the probability that the random number falls between 0.35 and 0.75.
d. Find the probability that the random number is less than 0.8?
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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Statistics The Art And Science Of Learning From Data
ISBN: 9780321997838
4th Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg