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Could somebody double check my answers for this exponential distribution question? "Melancholy" happens by an exponential distribution on average every 5 months. a) X~ Ans: X~exp(1/5) b) Find the probability of "Melancholy" after 4 months Ans: 0.2e^(-0.2*4) = 0.09 c) Find the 75th percentile for "Melancholy" (for 75% soonest "Melancholy" occasions) Ans: 0.75 = 1-e^(-0.2*x) 0.25=e^(-0.2x) ln(0.25)=-0.2x ln(0.25)/(-0.2)=6.93=x=75th percentile. Thanks in advance!
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