Discretionary income
Discretionary household income in a certain state is exponentially distributed with a mean of $4,800 per year (i.e. ? = 1/4800). Approximately what proportion of households have discretionary income greater than the mean of $4,800 per year?
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Discretionary household income in certain state is exponentially distributed with mean of $4,800 per year (i.e. ? = 1/4800). Approximately what proportion of households have discretionary income greater than mean of $4,800 per year?
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