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?
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » 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.