PDF and CDF Flashcards
1
Q
When can you model with an exponential distribution?
A
It can be used to model the waiting time between events if the fixed number of events occurring in a given interval follow the poisson distribution.
2
Q
How to find expectation of composite function?
A
This is when the intergral of g(x)f(x) is used.
3
Q
WHat is the size of a continuinty correction?
A
It is half the difference between the intervals.
