Asked by livan arias on Sep 28, 2024
Which of the following is true for an exponential distribution with parameter λ?
A) μ = 1/λ
B) σ = 1/λ
C) The Y-intercept of f(x) is λ.
D) All of these choices are true.
Exponential Distribution
A probability distribution used to model the time between events in a Poisson process, characterized by its constant rate.
Parameter
A numerical characteristic of a population, such as its mean or standard deviation, that is usually unknown and estimated from sample data.
- Discern the parameter λ in the context of exponential distributions and understand its correlation with mean and variance.
- Establish the mean, median, degree of variance, and standard deviation for distributions of an exponential nature.
Learning Objectives
- Discern the parameter λ in the context of exponential distributions and understand its correlation with mean and variance.
- Establish the mean, median, degree of variance, and standard deviation for distributions of an exponential nature.
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