Compute the distribution-mean


To organize the charity event which costs $100, an organization raises funds. Independent of each other, one donor after another provides some amount of money (considered as the continuous quantity here) that is exponentially distributed with the mean of $20. The process is stopped as soon as $100 or more has been collected. Compute the distribution, mean, and variance of the number of successive donors needed until at least $100 dollars has been collected.

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Mathematics: Compute the distribution-mean
Reference No:- TGS0874262

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