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Find the median of an exponential random variable with
Chapter , Problem 2(choose chapter or problem)
QUESTION:
Find the median of an exponential random variable with rate . Recall that for a continuous distribution F, the median Q0.5 is the point at which F (Q0.5) = 1/2.
Questions & Answers
QUESTION:
Find the median of an exponential random variable with rate . Recall that for a continuous distribution F, the median Q0.5 is the point at which F (Q0.5) = 1/2.
ANSWER:Step 1 of 3
We are going to use following claim:
If random variable has exponential distributed with parametar , then the cumulative distribution function is .
Now, let's work out our problem: