For a continuous random variable X, the number m such that P(X m) = 1/2 is
Question:
For a continuous random variable X, the number m such that
P(X ≤ m) = 1/2
is called the median of X.
(a) Find the median of an Exp(λ) distribution.
(b) Give a simplified expression for the difference between the mean and the median. Is the difference positive or negative?
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a The median satisfies PX m 1 e m 12 Sol...View the full answer
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