will P(Y<=24) or F(24) be 24 /100 ?
A. Min is $0 and Max is $100.
B. It is a discrete random variable.
C. Your notation is correct. The question asks you to write only the standard notation of the probability of the terminal put value that is less than or equal to $24 not 24%.
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ya but i was curious about the probability and thought it would be 24 percent … considering the prob is uniform all across… so P (Y<=24) = (24-0)/(100-0)… right or wrong… also is it right to assume probability is uniform all across…
No. It is the cumulative distribution that the probability that random variable x ,in this case terminal put value, will be less than or equal to the actual value x.
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What makes you think that it’s uniform?
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i am just realizing… tht the probability isnt given… so its not correct to assume tht its uniform… i think i was misled cuz i had been solving a couple of questions related to dice rolls and coin tosses earlier…