If a continuous uniform distribution has parameters of = 0 and = 1, then the
Question:
If a continuous uniform distribution has parameters of μ = 0 and σ = 1, then the minimum is - √3 and the maximum is √3
a. For this distribution, find P(-1 < x < 1).
b. Find P(-1 < x < 1) if you incorrectly assume that the distribution is normal instead of uniform.
c. Compare the results from parts (a) and (b). Does the distribution affect the results very much?
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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Solution a P1 x 1 0 b P1 x 1 05 c The results from parts a and b are different and this is because the distribution affects the results very much d This is an example of a uniform distribution that has a mode of 3 and a mean of 0 all continuous uniform distributions have these properties Rationale The result from part ...View the full answer
Answered By
Aricayos Apple
I'm a highly professional tutor and academic freelancer , with over 5 years of experience. I became one of best tutors in Chegg tutoring community and Course Hero having high helpful rate. I love helping students understand Business courses related, as it is my passion to tutor and and help students understand these amazing subjects as attached in my skills. I am also an expert on the subject of history related subjects since at one point had handled these subjects. I also have a bachelor's degree in bachelors of science in Business Administration from City of Malabon University in Philippines. I am currently working on getting a master's degree in the field Business Administration from City of Malabon University. Meanwhile, you can learn how to solve complex problems consistently with me.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
