If the Random Variable X Is Exponentially Distributed with Parameter

question 203

Multiple Choice

If the random variable X is exponentially distributed with parameter λ = 4,then the probability P(X ≤ 0.25) is equal to:

• A)0.6321
• B)0.3679
• C)0.2500
• D)0.5000

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Definitions:

Fixed Input

An input in the production process that cannot be changed in the short term, such as buildings or land.

Long-Run Adjustment

A process in which firms adjust their inputs and outputs to achieve the optimal level of production and efficiency over an extended period.

Farmer

An individual engaged in the activity of agriculture, aiming to produce crops and raise livestock for consumption or sale.