a) On a particular trading day, you are going to buy shares of the stock that is the cheapest. Find the probability density function for the price per share Y that you will have to pay. f(y) = e-(y-5) b) From part (a), find the expected value for the price per share that you will have to pay. Enter the exact value. Hint: You could use integration by substitution with t = y-5 and then use the properties of the exponential density (such as its density integrates to one and its expected value), or integration by parts.

a) On a particular trading day, you are going to buy shares of the stock that is the cheapest. Find the probability density function for the price per share Y that you will have to pay. f(y) = e-(y-5) b) From part (a), find the expected value for the price per share that you will have to pay. Enter the exact value. Hint: You could use integration by substitution with t = y-5 and then use the properties of the exponential density (such as its density integrates to one and its expected value), or integration by parts.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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