CAS Exam MAS-I Spring 2019, Question 24

Study guide: Exam MAS-I

You are given the following information:

• Random variable X has an exponential distribution
• \operatorname{Var}(X) = \frac{1}{9}

Calculate the median of the distribution.

• A) Less than 0.15
• B) At least 0.15, but less than 0.20
• C) At least 0.20, but less than 0.25
• D) At least 0.25, but less than 0.30
• E) At least 0.30

Answer this question and see the worked solution

Concepts tested

• Exponential Distribution
• Percentile
• Variance

More questions from this set

• CAS Exam MAS-I Spring 2019, Question 23
• CAS Exam MAS-I Spring 2019, Question 25