2002 Paper 3 Q13

Year: 2002
Paper: 3
Question Number: 13

Course: UFM Statistics
Section: Exponential Distribution

Difficulty: 1700.0 Banger: 1516.0

Problem

A continuous random variable is said to have an exponential distribution with parameter \(\lambda\) if its density function is \(\f(t) = \lambda \e ^{- \lambda t} \; \l 0 \le t < \infty \r\,\). If \(X_1\) and \(X_2\), which are independent random variables, have exponential distributions with parameters \(\lambda_1\) and \(\lambda_2\) respectively, find an expression for the probability that either \(X_1\) or \(X_2\) (or both) is less than \(x\). Prove that if \(X\) is the random variable whose value is the lesser of the values of \(X_1\) and \(X_2\), then \(X\) also has an exponential distribution. Route A and Route B buses run from my house to my college. The time between buses on each route has an exponential distribution and the mean time between buses is 15 minutes for Route A and 30 minutes for Route B. The timings of the buses on the two routes are independent. If I emerge from my house one day to see a Route A bus and a Route B bus just leaving the stop, show that the median wait for the next bus to my college will be approximately 7 minutes.

No solution available for this problem.

Rating Information

Difficulty Rating: 1700.0

Difficulty Comparisons: 0

Banger Rating: 1516.0

Banger Comparisons: 1

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Problem source
A continuous random variable is said to have an exponential distribution 
with parameter $\lambda$ if its density function is 
$\f(t) = \lambda \e ^{- \lambda t} \; \l 0 \le t < \infty \r\,$. 
If $X_1$ and $X_2$, which are independent random variables, 
have exponential distributions with parameters $\lambda_1$ and $\lambda_2$ respectively, 
find an expression for the probability that either $X_1$ or $X_2$ (or both) 
is less than $x$. Prove that if $X$ is the random variable 
whose value is the lesser of the values of $X_1$ and $X_2$, 
then $X$ also has an exponential distribution.
Route A and Route B buses run from my house to my college. 
The time between buses on each route has an 
exponential distribution and the mean time between buses is 
15 minutes for Route A  and 30 minutes for Route B. 
The timings of the buses on the two routes are independent. 
If I emerge from my house one day to see a Route A bus 
and a Route B bus just leaving the stop, 
show that the median wait for the next bus to my college will be approximately 7 minutes.