Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following. 0 x < 0 +² F(x) = of 0≤x < 4 16 1 4 ≤ x Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.) (a) Calculate P(X ≤ 3). (b) Calculate P(2.5 ≤ x ≤ 3). (c) Calculate P(X> 3.5). (d) What is the median checkout duration ? [solve 0.5 = F(ũ)]. (e) Obtain the density function f(x). f(x) = f'(x) (f) Calculate E(X). (g) Calculate V(X) and a V(x) ox 0≤x < 4 otherwise

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Q2.2. Please answer g and h

### Problem Statement and Exercises on Continuous Random Variables

Let \( X \) denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cumulative distribution function (CDF) is given by:

\[
F(x) = \begin{cases} 
0 & x < 0 \\
x^2 & 0 \leq x < 4 \\
1 & 4 \leq x 
\end{cases}
\]

Use the cumulative distribution function (CDF) to determine the following. (If necessary, round your answer to four decimal places.)

**(a)** Calculate \( P(X \leq 3) \).

\[
\text{Answer:} \quad \_\_\_\_\_
\]

**(b)** Calculate \( P(2.5 \leq X \leq 3) \).

\[
\text{Answer:} \quad \_\_\_\_\_
\]

**(c)** Calculate \( P(X > 3.5) \).

\[
\text{Answer:} \quad \_\_\_\_\_
\]

**(d)** What is the median checkout duration \( \tilde{p} \)? (Solve \( 0.5 = F(\tilde{p}) \)).

\[
\text{Answer:} \quad \_\_\_\_\_
\]

**(e)** Obtain the probability density function (PDF) \( f(x) \).

\[
f(X) = F'(x) \implies 
f(x) = \begin{cases} 
2x & 0 \leq x < 4 \\
0 & \text{otherwise}
\end{cases}
\]

**(f)** Calculate \( E(X) \) (Expected value of \( X \)).

\[
\text{Answer:} \quad \_\_\_\_\_
\]

**(g)** Calculate \( V(X) \) and \( \sigma_x \) (Variance and Standard Deviation of \( X \)).

\[
V(X) \quad \text{Answer:} \quad \_\_\_\_\_

\sigma_x \quad \text{Answer:} \quad \_\_\_\_\_
\]

**(h)** If the borrower is charged an amount \( h(X) = X^2 \) when checkout duration is \( X \), compute the expected charge \(E(h
Transcribed Image Text:### Problem Statement and Exercises on Continuous Random Variables Let \( X \) denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cumulative distribution function (CDF) is given by: \[ F(x) = \begin{cases} 0 & x < 0 \\ x^2 & 0 \leq x < 4 \\ 1 & 4 \leq x \end{cases} \] Use the cumulative distribution function (CDF) to determine the following. (If necessary, round your answer to four decimal places.) **(a)** Calculate \( P(X \leq 3) \). \[ \text{Answer:} \quad \_\_\_\_\_ \] **(b)** Calculate \( P(2.5 \leq X \leq 3) \). \[ \text{Answer:} \quad \_\_\_\_\_ \] **(c)** Calculate \( P(X > 3.5) \). \[ \text{Answer:} \quad \_\_\_\_\_ \] **(d)** What is the median checkout duration \( \tilde{p} \)? (Solve \( 0.5 = F(\tilde{p}) \)). \[ \text{Answer:} \quad \_\_\_\_\_ \] **(e)** Obtain the probability density function (PDF) \( f(x) \). \[ f(X) = F'(x) \implies f(x) = \begin{cases} 2x & 0 \leq x < 4 \\ 0 & \text{otherwise} \end{cases} \] **(f)** Calculate \( E(X) \) (Expected value of \( X \)). \[ \text{Answer:} \quad \_\_\_\_\_ \] **(g)** Calculate \( V(X) \) and \( \sigma_x \) (Variance and Standard Deviation of \( X \)). \[ V(X) \quad \text{Answer:} \quad \_\_\_\_\_ \sigma_x \quad \text{Answer:} \quad \_\_\_\_\_ \] **(h)** If the borrower is charged an amount \( h(X) = X^2 \) when checkout duration is \( X \), compute the expected charge \(E(h
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