Suppose X ~ U(37,51), T ~ EXP(0.008) and Y ~G(54,0.25).Calculate the following:
(a) The constant m if P(X < m) = 0.63
Solution:
X ~ U(37,51)
(a) f(x)=151−37=114f(x)=\dfrac{1}{51-37}=\dfrac{1}{14}f(x)=51−371=141
P(X<m)=m−014=0.63P(X<m)=\dfrac{m-0}{14}=0.63P(X<m)=14m−0=0.63
⇒m14=0.63⇒m=0.63×14=8.82\Rightarrow \dfrac{m}{14}=0.63 \\ \Rightarrow m=0.63\times 14=8.82⇒14m=0.63⇒m=0.63×14=8.82
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