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Explain parts 1, 2, 3, 4. Correct answers are already given. ...

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Accounting

Explain parts 1, 2, 3, 4. Correct answers are already given.

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Random Variable Mapping: Continuous to Discrete (20 points) We are given that a RV v The RV v~ EXP(1), with mean value 1, E{v} = 1. Let A > 0 have the same units as the mean. We are going to break up the exponential RV vinto discrete pieces k 1. ( 7 points ) Determine the quantile q corresponding to percentile p. That is solve for q, for a given p P{v 0 have the same units as the mean. We are going to break up the exponential RV vinto discrete pieces k 1. ( 7 points ) Determine the quantile q corresponding to percentile p. That is solve for q, for a given p P{v

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