Question: Therandomvariable X isobtainedfromthefollowingrandomprocess.First,youdrawfromtheUniform[0,1] distribution.If the value you get is ?0.5, then X is set to equal this value.Otherwise, you draw again (i.e. a second, independent

Therandomvariable X isobtainedfromthefollowingrandomprocess.First,youdrawfromtheUniform[0,1] distribution.If the value you get is ?0.5, then X is set to equal this value.Otherwise, you draw again (i.e. a second, independent draw from the Uniform [0,1] distribution), and X is set to this second value.Compute the CDF and the density of X,

Therandomvariable X isobtainedfromthefollowingrandomprocess.First,youdrawfromtheUniform[0,1] distribution.If the value you get is ?0.5, then X

The random variable X is obtained from the following random process. First, you draw from the Uniform], 1] distribution. If the value you get is 5 [L5, then X is set to equal this value. Otherwise, you draw again [i.e. a second, independent draw from the Uniforml, 1] distribution], and X is set to this second value. Compute the GDP and the density of X

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