Suppose Clay, a grocery store owner, is monitoring the rate at which customers enter his store....

 

Transcribed Image Text:

Suppose Clay, a grocery store owner, is monitoring the rate at which customers enter his store. After watching customers enter for several weeks, he determines that the amount of time in between customer arrivals follows an exponential distribution with mean 15 s. What is the 60th percentile for the amount of time between customers entering Clay's store? Round your answer to the nearest two decimal places. 60th percentile Suppose Clay, a grocery store owner, is monitoring the rate at which customers enter his store. After watching customers enter for several weeks, he determines that the amount of time in between customer arrivals follows an exponential distribution with mean 15 s. What is the 60th percentile for the amount of time between customers entering Clay's store? Round your answer to the nearest two decimal places. 60th percentile