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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