Consider a random variable Y that follows an exponential distribution with a rate parameter of 0.5. What is the probability that Y is greater than 2?

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Consider a random variable Y that follows an exponential distribution with a rate parameter of 0.5. What is the probability that Y is greater than 2?
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Answer:

The cumulative distribution function (CDF) for an exponential distribution with rate parameter λ at a value y is given by:

CDF(y) = 1 - exp(-λ * y)

Plugging in the values for λ = 0.5 and y = 2, we get:

CDF(2) = 1 - exp(-0.5 * 2) CDF(2) = 1 - exp(-1) CDF(2) = 1 - 0.3679 CDF(2) = 0.6321

So, the probability that Y is greater than 2 is approximately 0.6321, or 63.21%.

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