QuestionImage transcription textLet Xi be a random variable with CDF Fx (x) and density function fx (x). Now consider a new random variabledefined as Yi = g(Xi), where g(x) is a strictly-increasing and differentiable function (for example log(x)). Showthat the density of Y is fy (y) = : fx (g- 1 (y)) g’ (g-1 (y) ) where g (y) denotes the inverse function of … Show more… Show moreBusinessEconomicsEconometricsECO 7426

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