Quantile Function - Simple Example

Simple Example

For example, the quantile function for Exponential(λ) (i.e. intensity λ and expected value 1/λ) is

for 0 ≤ p < 1. The quartiles are therefore:

first quartile
median
third quartile

Read more about this topic:  Quantile Function

Famous quotes containing the word simple:

    “Beauty is an ecstasy; it is as simple as hunger. There is really nothing to be said about it. It is like the perfume of a rose: you can smell it and that is all.”
    —W. Somerset Maugham (1874–1965)

    “We are all talkers
    It is true, but underneath the talk lies
    The moving and not wanting to be moved, the loose
    Meaning, untidy and simple like a threshing floor.”
    —John Ashbery (b. 1927)