Question: 8. Let X be a random variable with distribution function F. For p (0 In a certain country, the rate at which the price of

8. Let X be a random variable with distribution function F. For p (0

F(Q)pF(QP).

In a certain country, the rate at which the price of oil per gallon changes from one year to another has the following distribution function:

image text in transcribed

Find Q0.50, called the median of F; Q0.25, called the first quartile of F; and Q0.75, called the third quartile of F. Interpret these quantities.

F(Q)pF(QP).

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