14. In Example 7.7, suppose that potential customers arrive in accordance with a renewal process having interarrivai

Question:

14. In Example 7.7, suppose that potential customers arrive in accordance with a renewal process having interarrivai distribution F. Would the number of events by time t constitute a (possible delayed) renewal process if an event corresponds to a customer

(a) entering the bank?

(b) leaving the bank?

What if F were exponential?

Fantastic news! We've Found the answer you've been seeking!