Let X Represent the Amount of Time It Takes a Student

question 143

Multiple Choice

Let X represent the amount of time it takes a student to park in the library parking lot at the university. If we know that the distribution of parking times can be modeled using an exponential distribution with a mean of 4 minutes, find the probability that it will take a randomly selected student between 2 and 12 minutes to park in the library lot.

• A) 0.049787
• B) 0.556744
• C) 0.606531
• D) 0.656318

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Definitions:

Market

A place or platform where buyers and sellers come together to exchange goods, services, or information, often setting prices and terms in the process.

Critical

Pertaining to a crucial or decisive point that requires immediate attention or presents a significant challenge.

Competition

The rivalry between businesses to sell their goods or services to customers, often leading to better quality and prices.

Environmental Change

Alterations to the natural environment caused by human activity or natural processes, impacting ecosystems, climate, and land use.