The exponential distribution has a characteristic that is called the memoryless property. This means P(X x)
Question:
The exponential distribution has a characteristic that is called the “memoryless” property. This means P(X
x) P(X x x0 X x0). To illustrate this, consider the calls coming into 911. Suppose that the distribution of the time between occurrences has an exponential distribution with a mean of one half hour ( 0.5).
a. Calculate the probability that no calls come in during the first hour.
b. Now suppose that you are monitoring the call frequency and you note that a call does not come in during the first two hours. Determine the probability that no calls will come in during the next hour.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith
Question Posted: