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Probability & Stochastic Proc 3. 10 marks] Cars pass a point on a highway according to a Poisson process of rate one per minute. It

Probability & Stochastic Proc

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3. 10 marks] Cars pass a point on a highway according to a Poisson process of rate one per minute. It has been observed that five percent of the cars on the road are red. a) [4 marks] What is the probability that at least one red car passes by during an hour

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