Question: Let X be a continuous random variable representing the time it takes ( in seconds ) for an electronic bank transfer to be verified and

Let X be a continuous random variable representing the time it takes (in seconds) for an electronic bank transfer to be verified and completed. Due to different protocols and potential buffering/latency, this can take varying amounts of time. It always takes at least 3 seconds due to a fraud detection step. Consider the cumulative distribution function for the total transfer time

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