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OpenStax, Introductory Statistics 2e §5.3 The Exponential Distribution · Exercise 31 · Probability · Continuous distributions

The Exponential Distribution · Exercise 31

The cost of all maintenance for a car during its first year is approximately exponentially distributed with a mean of $150.

(a) Define the random variable. X = _________________________________.
(b) X ~ = ________
(c) μ = ________
(d) σ = ________
(e) Draw a graph of the probability distribution. Label the axes.
(f) Find the probability that a car required over $300 for maintenance during its first year.

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OpenStax, Introductory Statistics 2e · §5.3 The Exponential Distribution · Exercise 31

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