Consider the following exponential probability density function. f(x) = = e for x > 0 %3D a. Which of the following is the formula for P(x < xo)? z0 1 P(x < xo) = e 2 P(x 4) (to 4 decimals). d. Find P(x < 5) (to 4 decimals). e. Find P(2 < c < 5) (to 4 decimals).

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Chapter1: Making Economics Decisions
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Consider the following exponential probability density function.
f(æ) = e
for x>0
a. Which. of the following is the formula for P(x < xo)?
1 P(x < xo) = e
2 P(x < ao) = 1-e
5
|
3 P(x < xo) =1-e-20
- Select your answer
%3D
b. Find P(x < 2) (to 4 decimals).
c. Find P(x > 4) (to 4 decimals).
d. Find P(x < 5) (to 4 decimals).
e. Find P(2 < x < 5) (to 4 decimals).
Transcribed Image Text:Consider the following exponential probability density function. f(æ) = e for x>0 a. Which. of the following is the formula for P(x < xo)? 1 P(x < xo) = e 2 P(x < ao) = 1-e 5 | 3 P(x < xo) =1-e-20 - Select your answer %3D b. Find P(x < 2) (to 4 decimals). c. Find P(x > 4) (to 4 decimals). d. Find P(x < 5) (to 4 decimals). e. Find P(2 < x < 5) (to 4 decimals).
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