1. Limited time only! Sign up for a free 30min personal tutor trial with Chegg Tutors
    Dismiss Notice
Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

Homework Help: Minimized Risk (Probability Theory)

  1. Jun 22, 2010 #1
    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.
     
  2. jcsd
Share this great discussion with others via Reddit, Google+, Twitter, or Facebook

Can you offer guidance or do you also need help?
Draft saved Draft deleted