Let X1, . . . ,Xn be independent exponential random variables having a common parameter . Determine

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Let X1, . . . ,Xn be independent exponential random variables having a common parameter λ. Determine the distribution of min(X1, . . . ,Xn).
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...
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