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

question 5

Short Answer

If the random variable X is exponentially distributed with parameter $\lambda$ = 4, then the probability P(X $\leq$ 0.25), up to 4 decimal places, is: $\begin{array}{|l|l|}\hline A&\text { 0.6321}\\\hline B&\text { 0.3679}\\\hline C&\text { 0.2500}\\\hline D&\text { None of these choices are correct.}\\\hline \end{array}$

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Definitions:

Partnership

An officially recognized form of commercial enterprise undertaken by at least two individuals, involving joint management and profit allocation.

Capital Account

A national account that shows the net change in asset ownership for a nation, including investments and loans, but not related to current transactions.

Practical Consequences

Real-life effects or outcomes that follow from a specific action or decision, often considered in decision-making processes.

Partner

An individual or entity who shares ownership in a business venture and is liable for its operations and financial outcomes.