A grocery deliver service is guaranteeing an order fulfillment time of 4 hours (delivered to the customers
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Question:
A grocery deliver service is guaranteeing an order fulfillment time of 4 hours (delivered to the customers doorstep) of the order is free. If the service fulfillment follows an exponential distribution with a mean time of fulfillment of 2.5 hours, then what is the probability of a given order NOT being late?round to 3 decimal places. Note this is not expressed as a percentage. Please show step by step of how you got the answer. hint: use the exponential function.
Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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