Final answer:
To find the (100p)th percentile of an exponential distribution with decay parameter m, solve the equation 1 - e^-mx = p for x, resulting in x = -ln(1 - p) / m. The median is calculated when p = 0.5 and is ln(2) / m.
Step-by-step explanation:
Deriving the 100p-th Percentile of the Exponential Distribution
To find the (100p)th percentile of an exponential distribution, we can set the cumulative distribution function (CDF) equal to p, where p represents the probability.
Since the CDF of an exponential distribution with decay parameter m is P(X ≤ x) = 1 - e-mx, to find the x value for the percentile, we need to solve the following equation:
1 - e-mx = p
Solving for x, we get:
e-mx = 1 - p
-mx = ln(1 - p)
x = -× ln(1 - p) / m
This x represents the (100p)th percentile. To find the median, which is the 50th percentile (p = 0.5), we substitute p with 0.5:
x = -(1× ln(1 - 0.5) / m)
x = -(ln(0.5) / m)
x = -(ln(0.5) / m) = ln(2) / m
Thus, the median of an exponential distribution is ln(2) / m.