Which of the Following Is Not True for an Exponential $\lambda$

question 17

Multiple Choice

Which of the following is not true for an exponential distribution with parameter $\lambda$ ?

• A) \(\mu = 1 / \lambda\)
• B) \(\sigma = 1 / \lambda\)
• C)The distribution is completely determined once the value of \(\lambda\) is known.
• D)The distribution is a two-parameter distribution, since the mean and standard deviation are equal.

---

Definitions:

Income

The money received, especially on a regular basis, for work or through investments.

Original Bundle

In economics, the combination of goods and services initially chosen or available to a consumer before considering price changes or budget constraints.

Price Rise

An increase in the cost or price of goods and services, often indicative of inflation or shifts in supply and demand dynamics.

Original Bundle

A combination of goods or services initially chosen by a consumer before any changes in price or income.