Independent solution
How to solve this Exponential Distribution question
Answer in brief
Express five-year survival as q. The supplied interval probability forces q(1-q)=0.25 and hence q=0.5; the requested interval probability is then q^2-q^4=0.1875, corresponding to choice C.
Setup
Setup
Represent survival over one five-year block by a single quantity.
Model
Model
Write the probability of falling in the first stated interval as the difference of two survival probabilities.
Compute
Compute
The quadratic has a repeated admissible root. Use it to evaluate the later interval by survival differences.
Answer
Answer
The interval probability matches choice C.