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:

    “We all enter the world with fairly simple needs: to be protected, to be nurtured, to be loved unconditionally, and to belong.”
    —Louise Hart (20th century)

    “The work of Henry James has always seemed divisible by a simple dynastic arrangement into three reigns: James I, James II, and the Old Pretender.”
    —Philip Guedalla (1889–1944)