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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
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