Question: What is the answer for this question? For each probability and percentile problem, draw the picture. he time (in years) after reaching age 60 that

What is the answer for this question?

What is the answer for this question? For each probability and percentileproblem, draw the picture. he time (in years) after reaching age 60

For each probability and percentile problem, draw the picture. he time (in years) after reaching age 60 that it takes an individual to retire is approximately exponentially distributed with a mean of about 6 years. Suppose we randomly pick one retired individual. We are interested in the time after age 60 to retirement. Find the probability that the person retired after age 69. (Round your answer to four decimal places.)

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