Customers Are Serviced at a Rate of Six Customers Per

question 64

Multiple Choice

Customers are serviced at a rate of six customers per hour according to an exponential distribution.What is the probability that customer service will require fewer than 20 minutes?

• A) Less than or equal to 0.70
• B) Greater than 0.70 but less than or equal to 0.80
• C) Greater than 0.80 but less than or equal to 0.90
• D) Greater than 0.90

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Definitions:

Excise Tax

A tax levied on the production of a specific product or on the quantity of the product purchased.

Income Tax

A tax levied by governments on individuals' or entities' income, which can vary depending on the amount of income earned.

Regressive Tax

A tax where the tax rate decreases as the taxpayer's income increases, placing a heavier burden on lower-income individuals.

Economy

A system of production, distribution, and consumption of goods and services among individuals and organizations in a society.