Let X be a random variable with CDF F(x). (a) Show that E[(X-c)^2] is minimized by the value c = E(X
Question: Let X be a random variable with CDF F(x).
(a) Show that E[(X-c)^2] is minimized by the value c = E(X).
(b) Assuming that X is continuous, show that E[absolute value of (X-c)] is minimized if c is the median, that is, the value such that F(c) = ½.
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Solution: The answer consists of 2 pages
Type of Deliverable: Word Document
Type of Deliverable: Word Document
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