The proportion of the budget for a certain type of industrial company that is allotted to environmental and pollution control is coming under scrutiny. A data collection project determines that the distribution of these proportions is given by f(y) = (1 – y)*, 0

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2. The proportion of the budget for a certain type of industrial company that is allotted to environmental
and pollution control is coming under scrutiny. A data collection project determines that the
distribution of these proportions is given by
f(y) = {2
(1- y)*,
0< ys 1,
elsewhere.
a. Find the value of k that will make f (y) a valid density function for the above problem.
b. Derive the cumulative distribution function F(y)
c. What is the probability that a company chosen at random expends less than 10% of its budget on
environmental and pollution controls?
d. Determine the variance of the function f(y).
Transcribed Image Text:2. The proportion of the budget for a certain type of industrial company that is allotted to environmental and pollution control is coming under scrutiny. A data collection project determines that the distribution of these proportions is given by f(y) = {2 (1- y)*, 0< ys 1, elsewhere. a. Find the value of k that will make f (y) a valid density function for the above problem. b. Derive the cumulative distribution function F(y) c. What is the probability that a company chosen at random expends less than 10% of its budget on environmental and pollution controls? d. Determine the variance of the function f(y).
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