Suppose that the number of minutes required to serve a customer at the checkout counter of a supermarket has an exponential distribution for which the mean is 3 Using the central limit theorem, approximate the probability that the total time required to serve a random sample of 16 customers will ex...

Let X 1 X 16 be the times required to serve the 16 custom ...

Suppose that the number of minutes required to serve a customer at the checkout counter of a

Question:

Suppose that the number of minutes required to serve a customer at the checkout counter of a supermarket has an exponential for which the mean is 3. Using the central limit theorem, approximate the probability that the total time required to serve a random sample of 16 customers will exceed one hour.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...