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 

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

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

Posted Date: 9/15/2012 1:47:26 AM | Location : United States

Ask an Expert

Related Discussions:- Continuous uniform distribution, Assignment Help, Ask Question on Continuous uniform distribution, Get Answer, Expert's Help, Continuous uniform distribution Discussions

Write discussion on Continuous uniform distribution
Your posts are moderated

Write your message here..

Related Questions

Algebra, Solve 2x^2 + 5x + 36 Solve 2x^2 + 5x + 36

Innovation, In the innovations algorithm, show that for each n = 2, the inn... In the innovations algorithm, show that for each n = 2, the innovation Xn - ˆXn is uncorrelated with X1, . . . , Xn-1. Conclude that Xn - ˆXn is uncorrelated with the innovations X

Vector function - three dimensional spaces, Vector Function The good wa... Vector Function The good way to get an idea of what a vector function is and what its graph act like is to look at an instance.  Thus, consider the following vector function.

Mean value thereoms, application application

Mathematical science, state tha different types of models used in operation... state tha different types of models used in operations research.

I need answer, y=6sin3x,find dy/dx y=6sin3x,find dy/dx

Quadratic equations, find k,is -2 a root of the equation 3x2 find k,is -2 a root of the equation 3x2

Find the sides of hypotenuse , The hypotenuse of a right triangle is 20m. ... The hypotenuse of a right triangle is 20m. If the difference between the length of the other sides is 4m. Find the sides. Ans: APQ x 2 + y 2 = 202 x 2  + y 2 = 400

Example for articulate reasons and construct arguments, A Class 4 teacher w... A Class 4 teacher was going to teach her class fractions. At the beginning of the term she asked the children, "If you had three chocolates, and wanted to divide them equally among

#title.algebra., how do i understand algebra? whats the formula i just dont... how do i understand algebra? whats the formula i just dont get it