Suppose That the Random Variable $x$ Has an Exponential Distribution With $\theta = 1.5$

question 240

Multiple Choice

Suppose that the random variable $x$ has an exponential distribution with $\theta = 1.5$ . Find the mean and standard deviation of $x$ .

• A) \(\mu = 1.5 ; \sigma = 1\)
• B) \(\mu = 0 ; \sigma = 1.5\)
• C) \(\mu = 1.5 ; \sigma = 1.5\)
• D) \(\mu = 0 ; \sigma = 1\)

---

Definitions:

Statutory Law

Laws enacted by a legislative body, such as Congress or a state legislature, that governs society and is codified in statutes.

Predominant Purpose Test

A legal test used to determine whether a contract is primarily for the sale of goods or the provision of services under the Uniform Commercial Code.

Unconscionable

In contract law, a contract that is grossly unfair or one-sided; one that “shocks the conscience of the court.”

Acceptance

In contract law, the act of agreeing to an offer, thereby creating a binding contract.