Question
The length of time spent waiting in line at cashier paid for the parking permit in the first day of the semester in modeled by
The length of time spent waiting in line at cashier paid for the parking permit in the first day of the semester in modeled by an exponential density function with mean 15 minutes. What is the probability that a student has to wait more than 30 minutes? What is the median time students have to wait?
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
