An exponential probability distribution has a mean equal to 10 minutes per customer. Calculate the following probabilities

Question:

An exponential probability distribution has a mean equal to 10 minutes per customer. Calculate the following probabilities for the distribution:

a. P(x < 12)

b. P(x < 2)

c. P(x < 10)

d. P(x < 5)

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...