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Old 02-03-2019, 03:51 PM
SweepingRocks SweepingRocks is offline
Join Date: Jun 2017
College: Bentley University (Class of 2019ish)
Posts: 235
Default Percentiles and Probability Question

That link is to the question I'm having an issue with and the answer.

Since we're looking for the 90th percentile and the benefit only pays between 2 and 10, wouldn't we need to find:

[Integral f(t) between 2 and h]/[Integral f(t) between 2 and 10]=.1

Then solve for h to find the 90th percentile? I don't understand why we aren't adjusting for the fact that we're finding the 90th percentile in between two intervals when there's the probability of having no claim when t<2 or t>10.

Thank you in advance!
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"I think you should refrain from quoting yourself. It sounds pompous." - SweepingRocks
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