7-38. The amount of time required for a customer at Big Bank to cash a check is...
Question:
7-38. The amount of time required for a customer at Big Bank to cash a check is exponentially distributed with a mean time of 1.35 minutes. Find:
(a) λ
(b) The probability that a customer will cash a check in under 1.25 minutes
(c) The probability that it will take a customer more than two minutes to cash a check
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Advanced Statistics From An Elementary Point Of View
ISBN: 9780120884940
1st Edition
Authors: Michael J Panik
Question Posted: