Suppose that the duration of unemployment can be accurately modeled by an exponential distribution. What is the probability that a person finds a job within 6 months (26 weeks) if the mean duration of unemployment is 20 weeks

Respuesta :

Answer:

The answer is "0.7275".

Explanation:

6 months =26 weeks.

Since we can write pdf in a medium 20 weeks since the distribution is exponential

[tex]P(X<26) =\int_{0}^{26} \frac{1}{20}e^{\frac{-x}{20}} dx \\\\[/tex]

                 [tex]= \frac{1}{20} \frac{e^{\frac{-x}{20}}}{\frac{-1}{20}}|_{0}^{26} \\\\\\ = -(e^{ \frac{-26}{20}} - e^{0})\\\\\\ = 0.7275[/tex]