If the Random Variable X Is Exponentially Distributed with Parameter

question 219

Multiple Choice

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

• A)0.6321
• B)0.3679
• C)0.2500
• D)None of these choices.

Understand how quantity demanded and quantity supplied are affected by changes in price controls.

Grasp the equilibrium concept in market economics and how it is achieved or altered by external interventions.

Describe the relationship between supply and demand curves and price determination.

Recognize the mechanisms of price and nonprice rationing in allocating scarce resources.

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Definitions:

Physical Dependence

A physiological state where the body becomes accustomed to a substance, requiring its presence to function normally.

Phobic Disorder

A mental health condition characterized by an excessive and irrational fear of a specific object, situation, or activity.

Intense

Describes a state or emotion that is deeply felt or extreme in nature, often implying a high degree of emotional, physical, or activity-related fervor.

Irrational Fear

A fear lacking a logical or reasonable basis, often disproportionate to the actual danger posed by the object or situation.