The time between arrivals of taxis at a busy intersection is exponentially distributed with a mean...
The time between arrivals of taxis at a busy intersection is exponentially distributed with a mean of 10 minutes.
(ii) Suppose that you have already been waiting for one hour for a taxi. What is the probability that one arrives within the next 10 minutes?
(iii) Determine x such that the probability that you wait more than x minutes is 0.10.
(iv) Determine x such that the probability that you wait less than x minutes is 0.90.
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The time between arrivals of taxis at a busy intersection is
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