(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

The rv X has pdf f(x) = cx, for 1 < x < 2, with f(x) = 0 otherwise. Compute the 3 M’s, and also compute the minimized risks in each case. Mode, median, mean.

2. Relevant equations

3. The attempt at a solution

I think I have computed the 3 M's

mode of x = 2

median of x = 1.225

mean of x = 1.56

I am not sure what is meant by minimized risk. I have been going over my notes and all I have are the derivations of the 3 M's.

Thank you.

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# Homework Help: Minimized Risk (Probability Theory)

Can you offer guidance or do you also need help?

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