Recent content by 1daj

  1. 1

    Graduate Interpreting the values of slope and intercept coefficients using the CLRM

    Hello there, I'm given the following population regression equation: PRICE(i) = β(0) + β(1)SQFT(i) + u(i) where the things in brackets are subscripts and SQFT represents the square footage. A sample of houses is then given with their cooresponding prices and square footage. I have solved...
  2. 1

    Uniform probability density function question

    I've solved integral 0 to c (1/40)x dx + integral c to 40 c dx and got an answer that is scaring me. I am assuming I have mistaken what you meant. What is the reason that the second integral is set up the way it is? Sorry, about this, I am really confused.
  3. 1

    Uniform probability density function question

    confused Function of min(C,x)? I'm confused as to how to construct this.
  4. 1

    Uniform probability density function question

    [b]1. Homework Statement A vendor at a market buys mushrooms from a wholesaler for $3 a pound, and sells them for $4 a pound. The daily demand (in pounds) from custumers for the vendor;s mushrooms is a random variable X with pdf f(x) = 1/40 if 0 (greater than) x (less than) 40 and 0...