Question: As in Section 6.6, Exercises 45 and 46, the p.d.f. for the waiting time X until an event occurs often follows the exponential distribution, with

As in Section 6.6, Exercises 45 and 46, the p.d.f. for the waiting time X until an event occurs often follows the exponential distribution, with the form g(x) = λe-λx for some positive value of λ, defined for x ≥ 0. Find the median waiting time for the following values of ≥ and compare with the expectation.
1. λ = 0.5.
2. λ = 2.0.

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