exponentially distributed median is 14000. what chance is there for 175000 in matlab

To find the probability of a value being greater than 175000 in an exponentially distributed variable with median 14000, you can use the cumulative distribution function (cdf) of the exponential distribution.

The scale parameter of the exponential distribution is related to the median by the formula: scale = median / ln(2).

In Matlab, you can calculate the probability of the exponentially distributed variable being greater than 175000 as follows:

main.m
median_val = 14000;
scale_param = median_val / log(2);

prob_greater_than_175000 = 1 - exp(-175000 / scale_param); % Probability of the variable being greater than 175000

disp(prob_greater_than_175000);
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This code calculates the probability of the exponentially distributed variable being greater than 175000 with the given median value.

Make sure to have the Statistics and Machine Learning Toolbox installed in Matlab to use this functionality.