DO IT WITHIN 10 MINUTES

6. An insurance company knows that major flooding occurs in a town on average every four years, and there is reason to believe that the probability is exponentially distributed. If you use a calculator or computer utility, you must type in the calculator/computer function you used. a What is the expected time for the next three floods to occur? You must show all of your steps b) What is the probability that three major floods will occur within the next 8 to 16 years