1. The length of time a person speaks over the phone follows an exponential distribution with a mean of 6 minutes. What is the probability that the person will talk for more than 8 minutes?
Correct Answer: b) 0.27
Explanation: Mean = 6 minutes, so λ = 1/6 P(X > 8) = e^(-λ*8) = e^(-(1/6)*8) = e^(-4/3) ≈ 0.27 Short Trick: For exponential distribution, P(X > x) = e^(-λx)
2. The exponential distribution is:
Correct Answer: b) Always decreasing
Explanation: The exponential PDF is f(x) = λe^(-λx) for x ≥ 0 This function is highest at x = 0 and continuously decreases as x increases Short Trick: The graph of exponential PDF always slopes downward from left to right
3. The exponential distribution is a special case of which distribution?
Correct Answer: c) Gamma
Explanation: Exponential distribution is a gamma distribution with shape parameter α = 1 If X ~ Gamma(α, λ) and α = 1, then X follows Exp(λ) Short Trick: Exponential is Gamma with shape parameter = 1
4. What is the MGF of an exponential distribution with rate parameter λ?
Correct Answer: a) 1/(1 - λt)
Explanation: MGF of exponential distribution is M(t) = ∫e^(tx)λe^(-λx)dx = λ∫e^((t-λ)x)dx = λ/(λ-t) = 1/(1-t/λ) = 1/(1-λt) for t < λ Short Trick: Memorize this standard MGF formula for exponential distribution
5. What is the mean of an exponential distribution with rate λ?
Correct Answer: b) 1/λ
Explanation: Mean of exponential distribution = 1/λ Can be calculated from the MGF: M'(0) = λ/(λ-t)² evaluated at t=0 = 1/λ Short Trick: Mean = 1/rate parameter
6. What is the variance of an exponential distribution with rate λ?
Correct Answer: c) 1/λ²
Explanation: Variance of exponential distribution = 1/λ² Can be calculated from the MGF: M''(0) - [M'(0)]² = 2/(λ²) - (1/λ)² = 1/λ² Short Trick: Variance = (Mean)² = (1/λ)²
7. The exponential distribution is often used to model:
Correct Answer: b) Time between successive events
Explanation: Exponential distribution is commonly used for modeling waiting times Specifically, the time between events in a Poisson process follows an exponential distribution Short Trick: When events occur randomly over time (Poisson process), the time between events is exponentially distributed
8. Which of the following statements is true about the exponential distribution?
Correct Answer: b) It has no memory (memoryless property)
Explanation: The exponential distribution has the memoryless property: P(X > s+t | X > t) = P(X > s) This means the future waiting time doesn't depend on how long you've already waited Short Trick: Exponential is the only continuous distribution with the memoryless property
9. A bank receives customers at an average rate of 3 customers per hour. The arrival of customers follows an exponential distribution. What is the probability that the next customer will arrive after 30 minutes?
Correct Answer: a) 0.4451
Explanation: Rate = 3 customers/hour = 3/60 = 0.05 customers/minute P(X > 30) = e^(-λ*t) = e^(-0.05*30) = e^(-1.5) ≈ 0.4451 Short Trick: Convert λ to the same units as time (minutes), then use e^(-λt)
10. Using the same data as above, what is the probability that the next customer arrives within 20 minutes?
Correct Answer: c) 0.7321
Explanation: Rate = 3 customers/hour = 0.05 customers/minute P(X ≤ 20) = 1 - P(X > 20) = 1 - e^(-0.05*20) = 1 - e^(-1) ≈ 1 - 0.3679 = 0.6321 Note: There seems to be an error in the options, correct answer should be close to 0.6321
11. The time (in minutes) between buses arriving at a station follows an exponential distribution with a mean of 12 minutes. What is the probability that a passenger will have to wait more than 15 minutes?
Correct Answer: b) 0.2865
Explanation: Mean = 12 minutes, so λ = 1/12 P(X > 15) = e^(-λ*15) = e^(-(1/12)*15) = e^(-1.25) ≈ 0.2865 Short Trick: Time/Mean = 15/12 = 1.25, so probability is e^(-1.25)
12. Using the same scenario above, what is the probability that the next bus arrives within 10 minutes?
Correct Answer: d) 0.5654
Explanation: Mean = 12 minutes, so λ = 1/12 P(X ≤ 10) = 1 - P(X > 10) = 1 - e^(-(1/12)*10) = 1 - e^(-5/6) ≈ 1 - 0.4346 = 0.5654 Short Trick: Time/Mean = 10/12 = 5/6, so probability is 1 - e^(-5/6)
13. If a device has an exponentially distributed lifetime with a mean of 5 hours, what is the rate λ?
Correct Answer: a) 0.2
Explanation: For exponential distribution, mean = 1/λ If mean = 5 hours, then λ = 1/5 = 0.2 per hour Short Trick: λ = 1/mean
14. If the time until failure for a machine is exponential with rate λ=0.1, what is the probability that the machine lasts more than 10 hours?
Correct Answer: a) 0.3679
Explanation: P(X > 10) = e^(-λ*10) = e^(-0.1*10) = e^(-1) ≈ 0.3679 Short Trick: e^(-1) ≈ 0.368 is a common value to memorize
15. Which of the following is the CDF of an exponential distribution with rate λ?
Correct Answer: a) 1 - e^(-λx)
Explanation: CDF of exponential distribution is F(x) = ∫(from 0 to x) λe^(-λt)dt = 1 - e^(-λx) for x ≥ 0 Short Trick: CDF = 1 - [survival function], where survival function is e^(-λx)
16. What is the domain of the moment generating function for an exponential distribution with rate λ?
Correct Answer: b) t < λ
Explanation: The MGF of exponential distribution is M(t) = λ/(λ-t) This is defined only when λ-t > 0, which means t < λ Short Trick: For exponential distribution, MGF exists only when t < λ
17. The nth moment about the origin of the exponential distribution can be found by:
Correct Answer: b) Differentiating the MGF n times and evaluating at t=0
Explanation: The nth moment E[X^n] can be found by taking the nth derivative of the MGF and evaluating at t=0 M^(n)(0) = E[X^n] Short Trick: This is a general property of moment generating functions for any distribution
18. If X ~ Exp(λ=2), what is the value of E[X²]?
Correct Answer: a) 0.5
Explanation: For exponential distribution, E[X²] = 2/λ² With λ = 2, E[X²] = 2/(2²) = 2/4 = 0.5 Short Trick: E[X²] = 2×(Mean)² = 2×(1/λ)²
19. What is the MGF of X ~ Exp(λ)?
Correct Answer: a) λ/(λ - t) for t < λ
Explanation: The MGF of exponential distribution is M(t) = E[e^(tX)] = ∫e^(tx)λe^(-λx)dx = λ∫e^((t-λ)x)dx = λ/(λ-t) for t < λ Short Trick: This is the standard form of the MGF for the exponential distribution
20. If the MGF of a distribution is 2/(2 - t), what is the expected value of the distribution?
Explanation: The MGF 2/(2 - t) corresponds to an exponential distribution with λ = 2 The expected value is E[X] = 1/λ = 1/2 = 0.5 Short Trick: Compare with standard form λ/(λ-t) to identify λ