A Random Variable with Density Function 0

question 26

Short Answer

A random variable with density function 0.01e−x^/100 for x ≥ 0 has an exponential distribution whose mean is ____________________.

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Definitions:

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

Average Total Cost

The total cost of production divided by the quantity produced, representing the per unit cost of goods or services.

Output

The amount of products or services generated by a company, sector, or economic system within a specific timeframe.

Marginal Cost

The expense incurred from manufacturing an extra unit of a product or service.