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Validate a Probability Distribution

HardStatistics & Probability00:00
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Your question is Validate a Probability Distribution. Take a moment with it on the right.

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Problem

A different desk at DRW Holdings models round-trip order latency, rescaled to x in [0, 1], and proposes the candidate density and derivation below.

Candidate density:

  f(x) = 4x(1 - x),   for x in [0, 1]
  f(x) = 0,            otherwise

Claimed CDF (their derivation, handed to you alongside f):

  F(x) = 2x^2 - x^3,   for x in [0, 1]

Their note: "f is symmetric around x = 0.5 and f(0) = 0, so we take that
to mean zero-latency round trips never happen in this model."

Verify whether f is a valid probability density function, check their derivation of F, and evaluate their closing claim about f(0) = 0.