Here is another excellent solution from
Andrei at Tudor Vianu National College, Romania:
We have the probability distribution:
for
The mean of this distribution
is
, where
Thus
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hence
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To calculate the median
of the distribution I must have:
But the total probability is 1, so each of the two probabilities is
0.5. Then I have to solve the equation
which gives:
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I obtain
the following equation
which has the
solutions:
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The only solution in the interval
is
which is approximately 1.098.
In a discrete distribution the mode is the value that occurs
most frequently. In a continuous distribution it is the value where
the probability density function takes its maximum value. To find
this maximum I shall calculate the derivative
and then
:
As the second derivative is negative the function has indeed a
maximum. The maximum value of
occurs at
so the mode
is
.