An investment firm offers its customers municipal bonds that mature after varying numbers of years Given that the cumulative distribution function of T, the number of years to maturity for a randomly selected bond, is find (a) P(T 5) (b) P(T 3) (c) P(1 4 T 6) (d) P(T curren 5 T yen 2) 0, t 1, 1...

An investment firm offers its customers municipal bonds that mature after varying numbers of years. Given that

Question:

An investment firm offers its customers municipal bonds that mature after varying numbers of years. Given that the cumulative function of T, the number of years to for a randomly selected bond, is

0, t < 1, 1<t< 3, 3 <t< 5, F(t) = t < 7, 5 < 1, t>7,

find
(a) P(T = 5);
(b) P(T > 3);
(c) P(1.4 < T < 6);
(d) P(T ‰¤ 5 | T ‰¥ 2).

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... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...