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?
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?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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Question
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?
Expert Solution
Step 1
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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