An exponential probability distribution has lambda equal to 18 customers per hour. What is the probability that
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An exponential probability distribution has lambda equal to 18 customers per hour. What is the probability that the next customer will arrive
a. Within the next 45 seconds?
b. Within the next 1 to 3 minutes?
c. Within the next 2 to 5 minutes?
d. Within the next 4 to 10 minutes?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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a b 18 customers 1 hour 1 hour 60 minutes a 45 seconds 075 minutes Px a 1 eal Px07...View the full answer
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