Let X and Y be independent exponential random variables with rate 3. Let Z =max(X, Y ) be the maximum of X and Y. (a) Estimate P(Z

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Let X and Y be independent exponential random variables with rate 3. Let Z =max(X, Y ) be the maximum of X and Y. (a) Estimate P(Z < 1/2). (b) Estimate the mean and standard deviation of Z.  solutionspile.com

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