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A rental agency, which leases heavy equipment by the day, has found that one expensive piece of equipment is leased, on the average, only one
A rental agency, which leases heavy equipment by the day, has found that one expensive piece of equipment is leased, on the average, only one day in five. If rental on one day is independent of rental on any other day, find the probability distribution of Y , the number of days between a pair of rentals.
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Business Analytics Data Analysis and Decision Making
Authors: S. Christian Albright, Wayne L. Winston
5th edition
