Suppose that the number of minutes required to serve a customer at the checkout counter of a

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Suppose that the number of minutes required to serve a customer at the checkout counter of a supermarket has an exponential distribution for which the mean is 3. Using the central limit theorem, approximate the probability that the total time required to serve a random sample of 16 customers will exceed one hour.
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...
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Probability And Statistics

ISBN: 9780321500465

4th Edition

Authors: Morris H. DeGroot, Mark J. Schervish

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