Question: Let X Beta (a, b). (a) For a > 2 and b > 2, show that the mode of X is given by x
Let X ∼ Beta
(a, b).
(a) For a > 2 and b > 2, show that the mode of X is given by x = a−1 a+b−2 .
(b) Write an equation in x for the median of X when a = 3 and b = 2 and verify that x ≈ 0.614272.
(c) Find a and b such that X is symmetric with a standard deviation of 0.2.
(d) If I believe that X ∼ Beta
(a,
b) with mode at 5/8 and a standard deviation of approximately 0.1, what integer values of parameters a and b could I use?
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