Computer response time is an important application of the gamma and exponential distributions. Suppose that a study

Question:

Computer response time is an important application of the gamma and exponential distributions. Suppose that a study of a certain computer system reveals that the response time, in seconds, has an exponential with a mean of 3 seconds.
(a) What is the probability that response time exceeds 5 seconds?
(b) What is the probability that response time exceeds 10 seconds?
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...