2. Suppose that X is a continuous random variable with density function f. Show that E[Xa] is...
Question:
2. Suppose that X is a continuous random variable with density function
f. Show that E[Xa] is minimized when a is equal to the median of F.
HINT: Write
$$E[X-a] = \int_{}^{} (x-a) f(x) dx$$
Now break up the integral into the regions where x < a and where x >a and differentiate.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: