In the Willow Brook National Bank waiting line system, assume that the service times for the drive up teller follow an exponential probability distribution with a service rate of 36 customers per hour, or 0 6 customers per minute Use the exponential probability distribution to answer the following ...

a 06 customers per minute P ...

In the Willow Brook National Bank waiting line system, assume that the service times for the drive-up

Question:

In the Willow Brook National Bank waiting line system, assume that the service times for the drive-up teller follow an exponential probability with a service rate of 36 customers per hour, or 0.6 customers per minute. Use the exponential probability to answer the following questions:
a. What is the probability the service time is one minute or less?
b. What is the probability the service time is two minutes or less?
c. What is the probability the service time is more than two minutes?

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...