Suppose the time between hits on an e-commerce Web site follows the exponential distribution with a mean
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 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.
e. What is the standard deviation for this distribution?
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