Suppose that an observed value of X is equally likely to come from a continuous distribution for

Question:

Suppose that an observed value of X is equally likely to come from a continuous for which the p.d.f. is f or from one for which the p.d.f. is g. Suppose that f (x) > 0 for 0 < x < 1 and f (x) = 0 otherwise, and suppose also that g(x) > 0 for 2 < x < 4 and g(x) = 0 otherwise.
Determine:
(a) The mean
(b) The median of the of X. Distribution
The 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...