Question
Customers make purchases at a convenience store, on average, every nine minutes. It is fair to assume that the time between customer purchases is exponentially
Customers make purchases at a convenience store, on average, every nine minutes. It is fair to assume that the time between customer purchases is exponentially distributed. Jack operates the cash register at this store. |
a-1. | What is the rate parameter?(Round your answer to 4 decimal places.) |
Rate parameter |
a-2. | What is the standard deviation of this distribution?(Round your answer to 1 decimal place.) |
Standard deviation |
b. | Jack wants to take a seven-minute break. He believes that if he goes right after he has serviced a customer, he will lower the probability of someone showing up during his seven-minute break. Is he right in this belief? | ||
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c. | What is the probability that a customer will show up in less than seven minutes?(Round intermediate calculations to 4 decimal places and final answer to 4 decimal places.) |
Probability |
d. | What is the probability that nobody shows up for over half an hour?(Round intermediate calculations to 4 decimal places and final answer to 4 decimal places.) |
Probability |
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