Couverture de LOR16: The quantile function, the survival function and the PDF

LOR16: The quantile function, the survival function and the PDF

LOR16: The quantile function, the survival function and the PDF

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 In this episode, building on the cumulative distribution function F (CDF) introduced in Episode 15, we define the quantile function Q, the survival function S, and the probability density function f (PDF).
We then explore how each of these tools helps describe the behavior of a random variable.
Along the way, we also introduce Value-at-Risk (VaR), which becomes quite straightforward once you understand quantiles.
Are you ready to take the risk?

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