Finan 50.15

jeudi 4 septembre 2014

Let X1, X2,...,Xn be iid Uniform on (0,1). Let Yn be the minimum of X1,...Xn. Find the cdf of Yn.



This is the answer:

FYn(x) = P(Yn<=x) = 1-P(Yn>x) = 1-P(X1>x)...P(Xn>x)



Why would P(Yn<=x) not be equal to 1? Yn is defined as the minimum, so obviously it is less than all other values of x. ??





Finan 50.15

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