Find the Median of the Random Variable X with the Probability

question 66

Short Answer

Find the median of the random variable x with the probability density function defined on the indicated interval I. The median of x is defined to be the number m such that . Observe that half of the x-values lie below m and the other half lie above m.
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Definitions:

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Salvage Value

Projected value of an asset for resale once it has concluded its period of effective use.

Installation Costs

Installation costs are expenses associated with setting up or installing equipment, machinery, or other assets so they are ready for use.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.