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:

    Poetry is the most direct and simple means of expressing oneself in words: the most primitive nations have poetry, but only quite well developed civilizations can produce good prose. So don’t think of poetry as a perverse and unnatural way of distorting ordinary prose statements: prose is a much less natural way of speaking than poetry is. If you listen to small children, and to the amount of chanting and singsong in their speech, you’ll see what I mean.
    Northrop Frye (1912–1991)

    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)