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scientific article; zbMATH DE number 1428314
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    scientific article; zbMATH DE number 1428314

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      20 November 2000
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      Ostrowski type inequality
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      cumulative distribution function
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      expectation value
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      Beta distribution
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      The main result of the paper is the following Ostrowski type inequality. Let \(X\) be a random variable taking values in the finite interval \([a,b]\), with expectation \(E(X)\). Then we have the inequality \[ \biggl |\Pr (X\leq x)-\frac{b-E(X)}{b-a}\biggr|\leq \frac{1}{2}+\frac{|x-\frac{a+b}{2}|}{b-a} \] for all \(x\in [a,b]\). An application for a Beta random variable is also given.
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