To solve for the missing exponent in the equation \( e^? \cdot e^{65} = e^{38} \), you can use the property of exponents that states \( e^a \cdot e^b = e^{a+b} \).
So, set up the equation:
\[ e^{? + 65} = e^{38} \]
Since the bases are the same, you can set the exponents equal to each other:
\[ ? + 65 = 38 \]
Now, solve for the missing exponent, denoted as \( ? \):
\[ ? = 38 - 65 \]
\[ ? = -27 \]
Therefore, the missing exponent is \(-27\).