How to solve this

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How to solve this

mrittik
Suppose a random variable X takes values -2, 0, 1 and 4 with probabilities 0.4, 0.1, 0.3 and 0.3 respectively

a) The unique median of the dist is 1.
b) The unique median of the dist is 0.
c) The unique median of the dist lies b/w 0 and 1.
d) The dist has multiple medians.

What is the concept of this qsn?
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Re: How to solve this

The Villain
The ans is d
Consider, P(X<=0)=.5   P(X>=0)=.6
P(X<=1)=.8          P(X>=1)
Hence multiple median.
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Re: How to solve this

mrittik
Thanks Ron. But sorry I can't understand the concept...plz elaborate amigo
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Re: How to solve this

Sumit
In reply to this post by mrittik
 For each random variable X, a median of the distribution of X is defined as number m such that
pr(X<=m)>=1/2 & pr(X>=)>=1/2.
M.A Economics
Delhi School of Economics
2013-15
Email Id:sumit.sharmagi@gmail.com
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Re: How to solve this

Dreyfus
In reply to this post by mrittik
Mritik are u sure that u hv written the correct probabilities? As its not legitimate PDF..as p sums to 1.1!
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Re: How to solve this

Homer Simpson
exactly, can you re-check mrittik?
“Operator! Give me the number for 911!”
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Re: How to solve this

The Villain
Its dse 2010 quest...he has mistyped!!
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Re: How to solve this

mrittik
sry the last one would be 0.2
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Re: How to solve this

Homer Simpson
In reply to this post by Dreyfus
wouldnt it be (a) or maybe (c) then?? can someone correct me on this?
“Operator! Give me the number for 911!”
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Re: How to solve this

Dreyfus
@tsuki...if xo is median of discrete PDF then it should satisfy
 P(X<=xo)>=0.5
And P(X>=xo)>=0.5
Both xo=1 and 0 satisfies this hence median is 0 and 1
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Re: How to solve this

Homer Simpson
ooh, and what about anything between 0 and 1? say X = 3/4 I know its not strictly mentioned in the discrete PDF but if we add up the probabilities more than or less than, we should end up with 1/2?
“Operator! Give me the number for 911!”
X
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Re: How to solve this

X
In reply to this post by mrittik
Consider the given probabilities as frequencies: So, the problem is find the median of : -2,-2,-2,-2,0,1,1,1,4,4. And we can see that 0 and 1 are both eligible for median as well as anything between them.
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Re: How to solve this

mrittik
In reply to this post by Dreyfus
More solid foundation concept needed....thanks all of you who are thinking abt this problem....tobe tsuki tomar approach ta aro amake confuse kore dilo
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Re: How to solve this

Homer Simpson
@mrittik: Arrey ami concept jaani naa, ejonno jigesh korchi :P even i am confused rei
“Operator! Give me the number for 911!”
X
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Re: How to solve this

X
In reply to this post by mrittik
See DeGeroot. Nicely explained.

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Re: How to solve this

kangkan
@ron? which year?
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Re: How to solve this

Anakin Skywalker
In reply to this post by X
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Re: How to solve this

mrittik
@Anirudh...this median can't be 0.5 because of the probability dist of the values.....Vaibhav has approached in a right way