Question: Please step by step solution without using ChatGPT F(X)=1e( lambda* X) describes the Cumulative Distribution Function (CDF) for a well none, frequently used distribution known
F(X)=1e( lambda* X) describes the Cumulative Distribution Function (CDF) for a well none, frequently used distribution known as the exponential distribution, where e=2.71828. What is the value of X that provides 38% of the population for that CDF using a lambda =2.4 accurate to three decimal places? (In other words, find that fractile using that equation with that lambda.) F(X)=1e( lambda* X) describes the Cumulative Distribution Function (CDF) for a well none, frequently used distribution known as the exponential distribution, where e=2.71828. What is the value of X that provides 38% of the population for that CDF using a lambda =2.4 accurate to three decimal places? (In other words, find that fractile using that equation with that lambda.)
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