1
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3answers
50 views

Median $\neq$ Expectation

Do you have an example of real random variable such that its median is very different from its expectation? I mean it is obvious that they are differents. Thank you
2
votes
2answers
53 views

Median vs. Mean

Problem: Consider the following model: $y_i = \mu + \epsilon_i$, $i = 1,...,n$ Let the mean $\mu$ be estimated by minimizing the criterion $\sum|\mu - y_i|$ over $\mu$. Show that $m = ...
1
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2answers
50 views

Probability Question Random Variable Median

I have not idea where to start with this question can someone point me in the right direction...
1
vote
1answer
163 views

Given x is an exponential random variable, find median & probability

For the median, I believe that I should integrate the function, ∫x0λe−λtdt=1−e−λx Then I need 1−e−λm=.5 for m, which is equivalent to e−λm=.5. m=ln(2)/λ =>m=ln(2)/.2
1
vote
1answer
42 views

Means and Median of Probability

The question is: pennies come in rolls of 50. Out of the 200 rolls a bank is storing, 12 have all Canadian pennies: the remaining 188 rolls contain at least one American penny. In the 200 rolls, about ...
1
vote
2answers
37 views

Determine random variable such as Med[X]=a and E[X]=b.

Let $a<b$ (a,b real numbers). Determine a random variable $X$ such as $Med[X]=a$ and $E[X]=b$. Hmmm how does one find $E[X]$ and $Med[X]$ if we don't have the probability distribution? The only ...
0
votes
1answer
3k views

Finding the median value on a probability density function

Quick question here that I cannot find in my textbook or online. I have a probability density function as follows: $$0.04x \space 0 \le x < 5$$ $$ 0.4 - 0.04x \space 5 \le x < 10 $$ $$ 0 ...
-1
votes
1answer
1k views

Find the median of the exponential random variable with parameter λ

The median of a random variable X is a number µ that satisfies Find the median of the exponential random variable with parameter λ.