For which of the following would you expect the exponential distribution to be a good approximation of

Question:

For which of the following would you expect the exponential to be a good approximation of service times?
a. Buying an airline ticket at the airport
b. Riding a merry-go-round at a carnival
c. Checking out of a hotel
d. Completing a midterm exam in your OSCM class
Distribution
The 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...