Top row: PDFs for the GW strain amplitude, contributed by a population of inspiraling SMBHBs at a frequency f = 1 yr−1 (hc; left) and the average merger time for the same population (﹩\langle {t}_{\mathrm{evol}}\rangle ;﹩ right). Both refer to the model hc3, in which SMBHB masses are corrected for Malmquist bias. Bottom row: CDFs corresponding to the PDFs in the top row. Red lines mark the 95th and 5th percentile values of hc and ﹩\langle {t}_{\mathrm{evol}}\rangle ﹩, respectively.