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Mean of an exponential

EasyRandom VariablesExpected Value~2m

What is the mean of an exponential distribution with rate λ=3\lambda = 3? (to 3 decimals)

Show hints (2)+
  1. The mean of Exp(λ) is 1/λ.
  2. λ = 3.

Answer

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0.3333 (± 0.005)

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Asked at: IMC, Akuna Capital

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