Continuous uniform distribution, Mathematics

Assignment Help:

Continuous Uniform Distribution

Consider the interest earned on a bank deposit. Let X equal the value after the decimal point. (Assume no rounding off to the nearest paise.) For instance, if the interest = Rs.72.587, then X = 0.587.

X can take any value between 0 and up to but not including 1. We may assume that each value is equally likely. In which case, X is said to have a continuous Uniform Distribution.

Figure 

2082_continuous uniform distribution.png

The probability density function of a typical random variable is given by

242_continuous uniform distribution1.png

Note that the area under the curve equals 1.

It can be shown:

m = E(X) = (a + b)/2

s2 = V(X) = (b - a)2/12                              


Related Discussions:- Continuous uniform distribution

Work in volume problems, Work : It is the last application of integr...

Work : It is the last application of integral which we'll be looking at under this course. In this section we'll be looking at the amount of work which is done through a forc

Pythagorean theorem, when one side of a triangle is 15cm and the bottom of ...

when one side of a triangle is 15cm and the bottom of the triangle is 12cm what would x be rounded to the nearest tenth?

What are intervals, A subset of the real line is called as an interval. Int...

A subset of the real line is called as an interval. Intervals are very significant in computing inequalities or in searching domains etc. If there are two numbers a, b € R such tha

Ratios, What is the ratio of the cone''s volume to the cylinder''s volume

What is the ratio of the cone''s volume to the cylinder''s volume

Negative three and positive eight inclusive represent y, The value of y is ...

The value of y is among negative three and positive eight inclusive. Which of the subsequent represents y? This inequality displays a solution set where y is greater than or eq

Estimate the last month sales increased through only 1/2%, Sales increased ...

Sales increased through only 1/2% last month. If the sales from the previous month were $152,850, what were last month's sales? Multiply through the decimal equivalent of 1/2 %

Word problem, adison earned $25 mowing her neighbor''s lawn. then she loane...

adison earned $25 mowing her neighbor''s lawn. then she loaned her friend $18, and got $50 from her grandmother for her birthday. she now has $86. how much money did adison have to

Order of a differential equation, The order of a differential equation is t...

The order of a differential equation is the huge derivative there in the differential equation. Under the differential equations as listed above in equation (3) is a first order di

Tied rankings, Tied Rankings A slight adjustment to the formula is mad...

Tied Rankings A slight adjustment to the formula is made if several students tie and have the similar ranking the adjustment is: (t 3 - t)/12 Whereas t = number of tied

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd