Question
The random variableX is exponentially distributed, whereX represents the time it takes for a person to choose a birthday gift. IfX has an average value
The random variableX
is exponentially distributed, whereX
represents the time it takes for a person to choose a birthday gift. IfX
has an average value of20
minutes, what is the probability thatX
is less than22
minutes? (Do not round until the final step.Round your answerto 3 decimal places.)
Provide your answer below:
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Understanding Business Statistics
Authors: Stacey Jones, Tim Bergquist, Ned Freed
1st edition
1118145259, 978-1118145258
