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Lecture

8.5 Probability Applications Question #3 (Medium)

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Department
Mathematics
Course Code
MAT136H1
Professor
all

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Description
8.5 Challenging Integral Applications Probability Applications Question #3 (Medium): Exponential Distribution for Wait Time Strategy Typically the wait time probability density function is described by exponential distribution, where: ( ) , for , where is the average waiting time. Sample Question At a famous worldwide coffee franchise, the average wait time for any customer before being served is minutes. 1) Find the probability that the customer needs to wait for more than minutes. 2) Find the probability that a customer will be served in
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