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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
8 Nov 2021

Given information

Use the following information to answer the next seven exercises. Distribution is given as  

Step-by-step explanation

Step 1.

The cumulative density function of the exponential distribution is given by,

, where is the decay parameter.

According to the given information, the random variable follows the exponential distribution with parameter

Median is the percentile means that  of the data fall below it so,

.

The cumulative density function is given by,

 

Therefore,

 

 

The median is  

 

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