Explain unique median of distribution is real constant, Basic Statistics

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Explain unique median of distribution is real constant

Let X be a random variable of the continuous type that has pdf f(x). If m is the unique median of the distribution of X and b is a real constant, show that E(X - bl) = E(X - ml) + 2 [(b - x)f(x) £lx, provided that the expectations exist. For what value of b is E(X - bl) a minimum?

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Basic Statistics: Explain unique median of distribution is real constant

Reference No:- TGS0108715

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Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Explain unique median of distribution is real constant

Reference No:- TGS0108715

Recent Questions Asked Basic Statistics

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