Suppose the random variable X is best approximated by an exponential distribution with = 8. Find
Question:
Suppose the random variable X is best approximated by an exponential distribution with λ = 8. Find the mean and the variance of X.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Given Random variable X is best approximated by an exponential distribution wit...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
Question Posted:
Students also viewed these Business questions
-
can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...
-
Suppose the random variable Y is best approximated by an exponential distribution with = 3. Find the mean and the variance of Y.
-
) Consider integer division of one two's-complement binary number by another. Programming languages may vary in the result when one argument is negative. What differing conventions might they be...
-
Cliff Arthur has equally attractive job offers in Miami and Los Angeles. The rent ratios in the cities are 8 and 20, respectively. Cliff would really like to buy rather than rent a home after he...
-
Identify three reasons why individuals create new business ventures. Next discuss any goals or motives that would drive you to become an entrepreneur. Provide examples for your response. Discuss at...
-
Target Corporation disclosed the following in the notes to their 2018 10-K. Leases: We adopted ASU No. 2016-02-Leases (Topic 842), as amended, as of February 4, 2018, using the modified retrospective...
-
What disorder afflicts the investor who mistakes the coupon rate on a convertible bond for its financial cost?
-
Krohn Company is producing an exception report. One division had $47,500 in budgeted costs, but it actually spent $45,000. How would this variance appear on the exception report?
-
An office machine is purchased for $7900. Assume that its salvage value, V, in dollars, depreciates, according to a method called double declining balance, by 20% each year and is given by...
-
Find t for the following: (a) = .05 and v = 10 x (b)x= .025 and v = 4 (c) = .10 and v = 7
-
Suppose X has an exponential distribution with = 1/3 . Find the following probabilities: (a) P(3 < X < 5) (b) P(5 X 10) (c) P(2 < X < 1)
-
In a model developed by John Helms,* the water evaporation E(T) for a ponderosa pine is given by where T (degrees Celsius) is the surrounding air temperature. a. What is the rate of evaporation when...
-
Jerry owns a motorcycle repair business. After 5 years, he decided to expand his business to include selling motorcycles and bicycles. He incorporated a company called J&J Motors Sdn Bohdan...
-
ASSIGNMENT INFORMATION Now that you are familiar with the Bill of Rights and Amendments 11-27, choose another rights document from the list below. Other Rights Documents: Association of Southeast...
-
Let f(x) = and g(x)= (a) Find (fog)(x).
-
The statement of financial position of Corona Ltd shows total assets as at 30 June 2022 which include Cash $87,000, Inventories $65 000, Furniture $57 000, Office Equipment $465 000 (Accumulated...
-
Anna's preferences can be represented by the utility function with marginal rate of substitution MRS(x,y) = 3x+4 2y For each of the given parameter values below, determine whether the listed bundle...
-
The Anberlin Co. had $255,000 in 2011 taxable income. Using the rates from Table 2.3 in the chapter, calculate the companys 2011 incometaxes. TABLE 2.3 Taxable Income Tax Rate Corporate Tax Rates 0-...
-
You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count (i.e., the mean number of customers...
-
Wearables have the potential to change the way organizations and workers conduct business. Discuss the implications of this statement.
-
How would a business process such as ordering a product for a customer in the field be changed if the salesperson were wearing a smartwatch equipped with Salesforce software?
-
What management, organization, and technology issues would have to be addressed if a company were thinking of equipping its workers with wearable computing devices?
-
The section of the city of Tees CA Asume one shed show that the uning for the hal year ended Sepersiber 30, 2019 contains several schedules regarding the c supported det at Seeber 30, 2013 was 12402...
-
Question 32 (2 points) Saved Artic Inc. is having a hard time collecting its outstanding Accounts Receivables from its customers. Artic Inc. decides to factor $700,000 of its Accounts Receivables to...
-
Prepare un presupuesto maestro para la empresa de farmacia McGregor para el ao que termina el 31 de diciembre de 2021 utilizando la siguiente informacin. Prepralo por trimestre. Utiliza las tablas...
Study smarter with the SolutionInn App