Let X Be an Exponential Random Variable with  $P ( X \geq 1.5 )$

question 50

Short Answer

Let X be an exponential random variable with  = 2.50. Find the following probabilities.
a. $P ( X \geq 1.5 )$
b. $P ( X \leq 1 )$
c. $P ( 0.25 \leq X \leq 0.78 )$
d. $P ( X = 0.41 )$

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Definitions:

Free-enterprise Economy

An economic system in which private business operates in competition and largely free of state control, with the right to buy, sell, and conduct business.