Textbook ExpertVerified Tutor
16 Nov 2021
Given information
The cost of all maintenance for a car during its first year is approximately exponentially distributed with a mean of
Step-by-step explanation
Step 1.
It is known that,
where
.
The probability density function for exponential distribution is given as follows:
From the above equation which represents the probability density function, make the graph by using the above-obtained probability density function.
The maximum value of occurs at , therefore
The graph can be drawn as below,
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