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-12 points v1 WACKERLYSTAT7 4.E.089. My Notes Suppose Y has an exponential distribution and PCY > 2) = 0.0183. (a) What is B

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Answer #1

a)

\beta =-2/ln(0.0183)= 0.5

b)

P(X<1.1)=1-exp(-1.1/0.5)= 0.8892

2)

a)

P(X>240)=1-P(X<240)=1-(1-exp(-240/100))= 0.0907

b)

92th percentile =-100*ln(1-92/100)= 252.57
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