Table 5.

Distribution ${\tau }_1^{\ast }$ in a continuous pressure setting

Case prop 4	$E({\tau }_1^{\ast })$	$Var({\tau }_1^{\ast })$	${\zeta }_{0.25}$	${\zeta }_{0.50}$	${\zeta }_{0.75}$	$P(\gamma \le \theta )$
2a	3.382	5.757	1.093	2.582	5.370	0.981
2b	3.183	5.036	0.607	2.130	5.059	0.116

Base line parameter values: $P=1$, $\delta =0.8$, $C=30$, $r=0.02$