Losses due to burglary are exponentially distributed with mean 100. The probability that a loss is between 40 and 50 equals the probability that a loss is between 60 and r, with r> 60. Calculate r. [Hint: Use the CDF of the exponential distribution.]

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
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Losses due to burglary are exponentially distributed with mean 100. The probability that a loss is
between 40 and 50 equals the probability that a loss is between 60 and r, with r> 60. Calculate r.
[Hint: Use the CDF of the exponential distribution.]
Transcribed Image Text:Losses due to burglary are exponentially distributed with mean 100. The probability that a loss is between 40 and 50 equals the probability that a loss is between 60 and r, with r> 60. Calculate r. [Hint: Use the CDF of the exponential distribution.]
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