Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Probability Distribution
Exponential Distribution
Statistics

Formulas

f(x) = (1/λ) * e^(-(x-3)/λ), x ≥ 3
Mode of X for exponential distribution = lower bound
Median of exponential distribution = 3 + λ ln(2)
Expression to solve: (1/λ) * (median of X - mode of X)

Theorems

Exponential Distribution Properties

Suitable Grade Level

Undergraduate level