Mathematics, 30.03.2020 20:46 Annabel9554

Let X1, X2, X3 and X4 be independent exponential random variables, each with parameter λ and let V = max{X1, X2, X3, X4} and W = min{X1, X2, X3, X4}. Find P(V > 2/λ) and P(W > 2/λ).

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