Question: Suppose the time between hits on an e commerce Web site follows the exponential distribution with a mean time of 2.7 minutes. a. What is

Suppose the time between hits on an e commerce Web site follows the exponential distribution with a mean time of 2.7 minutes.

a. What is the probability that next hit on the Web site will occur within the next 5 minutes?

b. What is the probability that next hit on the Web site will occur within the next 2 to 6 minutes?

c. What is the probability that next hit on the Web site will occur after the next 3 minutes?

d. Use Excel to verify the results from parts a, b, and c.

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