An exponential distribution has PE (T 5 | m) = 0.24. Find m.

Question:

An exponential has PE (T ≥ 5 | m) = 0.24. Find m.
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...