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You're out surng and waiting for a big waye to appear. Eleeause you're extremely bored, you decide to estimate how long you'll have to wait,
You're out surng and waiting for a big waye to appear. Eleeause you're extremely bored, you decide to estimate how long you'll have to wait, by modeling the wait time with an exponential random variable X with mean 10 [minutes]. la} Lise Markoy's inequality to estimate the probability that you have to wait at least 30 minutes. [bl Use Chebyshey's inequality to estimate P(X l: 30). {e} Compute P(X 3-: 3D} exactly
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