Textbook ExpertVerified Tutor
18 Nov 2021
Given information
The variable X representing the amount of change is exponentially distributed:
Step-by-step explanation
Step 1.
The cumulative distribution function representing P(X < x) is given by:
where is the decay parameter.
Since the distribution of the random variable in the problem is , it follows that . Therefore, the CDF of the random variable is:
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