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1.Customers arrive in a certain shop according to an approximate Poisson process at a mean rate of 10 per hour. Let W denote the waiting
1.Customers arrive in a certain shop according to an approximate Poisson process at a mean rate of 10 per hour. Let W denote the waiting time in minutes until the first two customers arrive.
(a) How is W distributed?
(b) What is the probability density function of W.
(c) What is the probability that the shopkeeper will have to wait less than 10 minutes for two customers to arrive.
2.Let Z Exp(mean ). Derive E(Z) and Var(Z) using the MGF.
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