Let X1, X2, X3 be a random sample of size n 3 from the exponential distribution with pdf f(x) ex, 0 x Find P(1 min Xi) P(1 X1, 1 X2, 1 X3) ...

Let X1, X2, X3 be a random sample of size n = 3 from the exponential distribution

Question:

Let X1, X2, X3 be a random sample of size n = 3 from the exponential with pdf f(x) = e−x, 0 < x < ∞. Find
P(1 < min Xi) = P(1 < X1, 1 < X2, 1 < X3)
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...