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

question 119

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) \(\mu " 0 ; \sigma = 1\)
• B) \(\mu " 0 ; \sigma = 1.5\)
• C) \(\mu " 1.5 ; \sigma = 1.5\)
• D) \(\mu ^ { \prime \prime } 1.5 ; \sigma = 1\)

Comprehend the difference between the lifetime and annual distribution of income.

Assess methods and approaches to reducing income inequality.

Understand the concepts of pre-tax and post-tax income distribution and the impact of taxes and transfers on income inequality.

Identify various forms of government assistance and their characteristics.

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