Let X and Y be independent exponential random variables, each with mean 1/μ.

Further, let Z = min(X,Y), and W = max( X,Y). Find E(Z), E(W), Var(Z) and Var(W).

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- Mar 7th 2013, 12:39 PMOceanamieIndependent Exponential Random Variables
Let X and Y be independent exponential random variables, each with mean 1/μ.

Further, let Z = min(X,Y), and W = max( X,Y). Find E(Z), E(W), Var(Z) and Var(W). - Mar 8th 2013, 04:23 AMchiroRe: Independent Exponential Random Variables
Hey Oceanamie.

Hint: Calculate the distribution for the order statistic.