If the Random Variable X Is Exponentially Distributed with Parameter $\lambda$

question 77

True/False

If the random variable X is exponentially distributed with parameter $\lambda$ = 5,then the variance of X, $\sigma$ ² = V(X)= 0.04.

---

Definitions:

Environmental Conditions

The various physical, chemical, and biological factors that surround and affect the viability and activities of an organism or community.

Socio-cultural Conditions

The social and cultural circumstances that influence an individual's life, such as norms, values, practices, and customs prevalent in their society.

Inflation

A general increase in prices and fall in the purchasing value of money over time.

Income Levels

Categories or ranges of annual income that individuals or families fall into based on their earnings.