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
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