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EXAMPLE 5.11 The time spent waiting between events is often modeled using the exponential distribution. For example, suppose that an average of 30 customers per
EXAMPLE 5.11 The time spent waiting between events is often modeled using the exponential distribution. For example, suppose that an average of 30 customers per hour arrive at a store and the time between arrivals is exponentially distributed. a. On average, how many minutes elapse between two successive arrivals? b. When the store first opens, how long on average does it take for three customers to arrive? c. After a customer arrives, find the probability that it takes less than one minute for the next customer to arrive. d. After a customer arrives, find the probability that it takes more than five minutes for the next customer to arrive. e. Seventy percent of the customers arrive within how many minutes of the previous customer? f. Is an exponential distribution reasonable for this situation
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