A random variable X is exponentially distributed with a
mean of 0.16.
a-1. What is the rate parameter λ?
(Round your answer to 3 decimal places.)
a-2. What is the standard deviation of X?
(Round your answer to 2 decimal places.)
b. Compute P(X > 0.25).
(Round intermediate calculations to at least 4 decimal
places and final answer to 4 decimal places.)
c. Compute P(0.14 ≤ X ≤ 0.25).
(Round intermediate calculations to at least 4 decimal
places and final answer to 4 decimal places.)
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