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Chapter 5. Exponential Distribution. Suppose that the length of Zoom meeting with project team members, measured in minutes, is known to have an exponential distribution
Chapter 5. Exponential Distribution. Suppose that the length of Zoom meeting with project team members, measured in minutes, is known to have an exponential distribution with the average length of a meeting equal to seventeen minutes.
- Fill in "True" or "False": Random Variable X is the length of a Zoom meeting.
- The standard deviation of the distribution is = (round to three decimal spaces)
- The probability (in % terms) that meeting lasts less than 10 minutes is % (round to two decimal spaces)
- The probability (in % terms) that a meeting lasts more than 10 minutes is % (round to two decimal spaces)
- The probability (in % terms) that a meeting lasts between 12 and 15 minutes is % (round to two decimal spaces)
- If three meetings are scheduled one after another, on average, the total length of time is minutes.
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