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The Standard Deviation of an Exponential Distribution Is Equal to 1/λ

question 18

True/False

The standard deviation of an exponential distribution is equal to 1/λ.

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Definitions:

Poverty Line

The fundamental amount of income necessary to afford a proper standard of living in a given nation.

Steadily Increased

A consistent and continuous rise in the level, amount, or value of a certain metric or entity over time.

Fluctuated

Describes a process or value that has experienced changes, typically up and down, over a period of time.

Income Inequality

An imbalanced dispersion of income among participants in an economy on a household or individual basis.

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