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Mathematics, 30.03.2020 22:12, kendelllh
Let X denote the time from the present until the stock market hits 25,000. If X ≤ 1, you win $10, 000X. If X > 1, you win nothing. Suppose that X has the exponential distribution with density function f(x) = e −x for x ≥ 0. What is the expected value of your winnings?
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Answers: 2
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Let X denote the time from the present until the stock market hits 25,000. If X ≤ 1, you win $10, 00...
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