A busy intersection in the state of Delaware averages a traffic accident every 32 days. Assume the

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A busy intersection in the state of Delaware averages a traffic accident every 32 days. Assume the time between accidents follows an exponential distribution.

a. What is the probability that the next accident will occur within the next 10 days?

b. What is the probability that the next accident will occur between the next 15 and 25 days?

c. What is the probability that the next accident will occur after the next 40 days?

d. Use Excel to verify the results from parts a and b.

e. What is the standard deviation for this distribution?

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 17, 2015 03:15 AM

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A busy intersection in the state of Delaware averages a traffic accident every 32 days. Assume the

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a b c P x a 1 e a P x a 1 1 e a e a P x 40 e 40 003125 02865 da EXPON...View the full answer

Business Statistics

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