Suppose that X1, X2 , Xn is a random sample from a continuous probability distribution with median mu (a) Show that Hint The complement of the event min(Xi) (b) Write down a 100 (1 a) confidence interval for the median mu where max(X ) P min(X,) i max(X,) 1 n 1 2 I2...

Suppose that X1, X2., Xn is a random sample from a continuous probability distribution with median μ

Question:

Suppose that X1, X2., Xn is a random sample from a continuous probability with median μ
(a) Show that

< max(X;)} P {min(X,) < i < max(X,)} = 1 - n-1 /2 -I2

Hint: The complement of the event [min(Xi) (b) Write down a 100 (1 €“ a) % confidence interval for the median μ where
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...