Let X be the time it takes for a person to choose a birthday gift, where X has an average value of 27 minutes. If the random variable X is known to be exponentially distributed, what are the parameters of this exponential distribution

Respuesta :

Answer:

The parameters of this exponential distribution is [tex]\lambda[/tex] = [tex]\frac{1}{27}[/tex] .

Step-by-step explanation:

We are given that the random variable X is known to be exponentially distributed and let X be the time it takes for a person to choose a birthday gift, where X has an average value of 27 minutes.

So, X = time it takes for a person to choose a birthday gift

The probability distribution function of exponential distribution is given by;

 [tex]f(x) = \lambda e^{-\lambda x} , x >0[/tex]      where, [tex]\lambda[/tex] = parameter of distribution.

Now, the mean of exponential distribution is = [tex]\frac{1}{\lambda}[/tex]  which is given to us as average value of 27 minutes that means  [tex]\lambda = \frac{1}{27}[/tex] .

So, X ~ Exp( [tex]\lambda = \frac{1}{27}[/tex] ) .

Therefore, the parameter of this exponential distribution is [tex]\lambda[/tex] .