The number of new outlets for a clothing manufacturer is an exponential distribution with probability density function
Question:
The number of new outlets for a clothing manufacturer is an exponential distribution with probability density function defined by
Find the following for this distribution.
(a) The mean
(b) The standard deviation
(c) The probability that the number of new outlets will be greater than the mean
Transcribed Image Text:
f(x) = 1 ex/6 for x in [0, ∞). 6
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