Expected Value Of random variable X=Integral(limit -infinity to +infinity)xP(x) dx..
where Pdf Given P(x)=3x^2 for 0<x<1..
Now Area of rectangle =x(1-x)
As we can see area of the Rectangle is the function of random variable x.
The E[x(1-x)]=Integral(limit zero to one)x(1-x)*3x^2 dx=3/20.
M.A Economics
Delhi School of Economics
2013-15
Email Id:sumit.sharmagi@gmail.com