this is a valid distribution.
recall that the sum of probabilities of all outcomes equals 1. if you intergrate the area under the curve you will find a total area of 1, further since there is an infinite number of outcome between zero and 1/2 (its a continuous random variable) the probability of any particular outcome is zero, therefore all individual outcomes have a probability of zero which is less than or equal to 1.
just as a technicality, the probability of any out come must be greater than or equal to zero and less than or equal to 1.
cheers
jerry





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