Suppose that the amount of time one spends in a bank is exponentially distributed with mean ten minutes, that is, . What is the probability that a customer will spend more than fifteen minutes in the...


Suppose that the amount of time one spends in a bank is exponentially distributed with mean ten minutes, that is, . What is the probability that a customer will spend more than fifteen minutes in the bank? What is the probability that a customer will spend more than fifteen minutes in the bank given that she is still in the bank after ten minutes?



May 25, 2022
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