Chapter 12: Problem 34
Recall that the median of an exponential density function is that number \(M\) such that \(\operatorname{Pr}(X \leq M)=\frac{1}{2} .\) Show that \(M=(\ln 2) / k .\) (We see that the median is less than the mean.)
Short Answer
Expert verified
The median is \(\frac{\ln 2}{k}\).
Step by step solution
01
Set up the Exponential Distribution Function
The probability density function (PDF) of an exponential distribution is given by: \[f(x) = ke^{-kx} \text{ for } x \geq 0\]We need to find the median, denoted as \(M\), such that the cumulative distribution function (CDF) at \(M\) equals to \(\frac{1}{2}\).
02
Define the Cumulative Distribution Function (CDF)
The CDF of an exponential distribution is: \[F(x) = 1 - e^{-kx}\text{ for } x \geq 0\]This function gives the probability that the random variable \(X\) takes on a value less than or equal to \(x\).
03
Set Up the Median Equation
By definition, the median \(M\) satisfies the equation: \[F(M) = \operatorname{Pr}(X\leq M) = \frac{1}{2}\]Therefore, we need to solve for \(M\) in the following equation: \[1 - e^{-kM} = \frac{1}{2}\]
04
Solve for M
Isolate the exponential term: \[1 - e^{-kM} = \frac{1}{2}\] Subtract 1 from both sides: \[- e^{-kM} = \frac{1}{2} - 1 = -\frac{1}{2}\] Multiply both sides by -1: \[e^{-kM} = \frac{1}{2}\] Apply the natural logarithm to both sides to solve for \(-kM\): \[-kM = \ln\left(\frac{1}{2}\right) = -\ln 2\]
05
Calculate the Median
Finally, solve for \(M\): \[-kM = -\ln 2\] Divide by \(-k\): \[M = \frac{\ln 2}{k}\] This shows that the median of the exponential distribution is \(\frac{\ln 2}{k}\).
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Probability Density Function
The probability density function (PDF) describes the likelihood of a random variable to take a particular value. For the exponential distribution, the PDF is given by:
\[ f(x) = ke^{-kx} \text{ for } x \geq 0 \]
Here, \( k \) is a constant that defines the rate of the distribution.
Key properties of a PDF include:
The PDF helps us understand how data is distributed across different values. In the context of the exponential distribution, it tells us how likely it is that a given time until an event occurs, such as waiting time in a queue, falls within a certain range.
\[ f(x) = ke^{-kx} \text{ for } x \geq 0 \]
Here, \( k \) is a constant that defines the rate of the distribution.
Key properties of a PDF include:
- Non-negativity: \( f(x) \geq 0 \) for all \( x \).
- Total area under the curve is 1: \( \int_0^{\infty} f(x) \, dx = 1 \).
The PDF helps us understand how data is distributed across different values. In the context of the exponential distribution, it tells us how likely it is that a given time until an event occurs, such as waiting time in a queue, falls within a certain range.
Cumulative Distribution Function
The cumulative distribution function (CDF) represents the probability that a random variable takes on a value less than or equal to a given value. For exponential distributions, the CDF is expressed as:
\[ F(x) = 1 - e^{-kx} \text{ for } x \geq 0 \]
This function helps us determine the likelihood that a particular event will occur within a certain timeframe.
Key features of the CDF include:
In practice, the CDF is very useful for finding the median of a distribution, which is key to solving our original problem. We set the CDF equal to 0.5 (since the median splits the probability in half) and solve for the median \( M \). Thus, we solve:\
\[ 1 - e^{-kM} = \frac{1}{2} \].
\[ F(x) = 1 - e^{-kx} \text{ for } x \geq 0 \]
This function helps us determine the likelihood that a particular event will occur within a certain timeframe.
Key features of the CDF include:
- Monotonicity: It is a non-decreasing function.
- Range: The CDF always lies between 0 and 1, inclusive.
- Limits: As \( x \) goes to infinity, \( F(x) \) approaches 1; as \( x \) goes to zero, \( F(x) \) approaches 0.
In practice, the CDF is very useful for finding the median of a distribution, which is key to solving our original problem. We set the CDF equal to 0.5 (since the median splits the probability in half) and solve for the median \( M \). Thus, we solve:\
\[ 1 - e^{-kM} = \frac{1}{2} \].
Natural Logarithm
The natural logarithm, denoted as \( \ln \), is the logarithm to the base \( e \) where \( e \) is approximately 2.71828. It is widely used in mathematics, especially in growth processes like the exponential distribution.
Key properties of the natural logarithm include:
In our solution, we use the natural logarithm to find \( M \). During the calculation, we take the logarithm of both sides of the equation \( e^{-kM} = \frac{1}{2} \) to solve for \( M \). Therefore,
\[ -kM = \ln\left(\frac{1}{2}\right) = -\ln(2) \].
Solving for \( M \) gives us:
\[ M = \frac{\ln 2}{k} \].
Key properties of the natural logarithm include:
- \( \ln(e) = 1 \).
- \( \ln(1) = 0 \).
- \( \ln(ab) = \ln(a) + \ln(b) \) for any positive \( a \) and \( b \).
- \( \ln\left(\frac{a}{b}\right) = \ln(a) - \ln(b) \).
- \( \ln(a^b) = b \ln(a) \).
In our solution, we use the natural logarithm to find \( M \). During the calculation, we take the logarithm of both sides of the equation \( e^{-kM} = \frac{1}{2} \) to solve for \( M \). Therefore,
\[ -kM = \ln\left(\frac{1}{2}\right) = -\ln(2) \].
Solving for \( M \) gives us:
\[ M = \frac{\ln 2}{k} \].