Question:

Let {Xn}n≥1 be a sequence of independent and identically distributed random variables having U(0, 1) distribution. Let Yn = n min{X1, X2 , … , Xn}, n ≥ 1. If Yn converges to Y in distribution, then the median of Y equals __________ (round off to 2 decimal places)

Updated On: Oct 1, 2024
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Correct Answer: 0.67

Solution and Explanation

The correct answer is 0.67 to 0.71.(approx)
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