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The average time between the arrivals of the taxis arriving at the airport to pick up passengers has an exponential distribution, with an average of 10 minutes. a) What is the probability that a passenger will wait for the taxi less than 15 minutes? b) What is the probability that a passenger will wait for the taxi between 20 and 30 minutes? Solve using the cumulative distribution function

The average time between the arrivals of the taxis arriving at the airport to pick up passengers has an exponential distribution, with an average of 10 minutes. a) What is the probability that a passenger will wait for the taxi less than 15 minutes? b) What is the probability that a passenger will wait for the taxi between 20 and 30 minutes? Solve using the cumulative distribution function

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The average time between the arrivals of the taxis arriving at the airport to pick up passengers has an exponential distribution, with an average of 10 minutes.
a) What is the probability that a passenger will wait for the taxi less than 15 minutes?
b) What is the probability that a passenger will wait for the taxi between 20 and 30 minutes? Solve using the cumulative distribution function
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