The distribution of X is approximated with a triangular probability density function f (x) = 0.025x
Question:
The distribution of X is approximated with a triangular probability density function f (x) = 0.025x − 0.0375 for 30 < x < 50 and f (x) = −0.025x + 0.0875 for 50 < x < 70.
Determine the following:
(a) P(X ≤ 40)
(b) P(40 < X ≤ 60)
(c) Value x exceeded with probability 0.99.
DistributionThe 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...
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Related Book For 
Applied Statistics And Probability For Engineers
ISBN: 9781118539712
6th Edition
Authors: Douglas C. Montgomery, George C. Runger
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