A certain river floods every year Suppose that the low water mark is set at 1 and the high water mark Y has distribution function (a) Verify that Fy (y) is a cdf (b) Find fY(y), the pdf of Y (c) If the low water mark is reset at 0 and we use a unit of measurement that is 1 10 of that given previous...

a lim y F Y y lim y 0 0 and lim y F Y y lim y 1 1y 2 1 For y 1 ...

A certain river floods every year. Suppose that the low-water mark is set at 1 and the

Question:

A certain river floods every year. Suppose that the low-water mark is set at 1 and the high-water mark Y has function

(a) Verify that Fy (y) is a cdf.
(b) Find fY(y), the pdf of Y.
(c) If the low-water mark is reset at 0 and we use a unit of measurement that is 1/10 of that given previously, the high-water mark becomes Z = 10(Y - 1). Find Fz(z).

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...