Customers Are Serviced at a Rate of 10 Customers Per

question 67

Multiple Choice

Customers are serviced at a rate of 10 customers per hour according to an exponential distribution.What is the probability that customer service will require fewer than two minutes?

• A) Less than or equal to 0.25
• B) Greater than 0.25 but less than or equal to 0.30
• C) Greater than 0.30 but less than or equal to 0.35
• D) Greater than 0.35

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Definitions:

Selective Distribution

A form of market coverage whereby only a small number of all available outlets are used to expose products.

Intensive Distribution

A form of market coverage whereby a product is made available in as many outlets as possible.

Exclusive Distribution

The awarding by a manufacturer to an intermediary of the sole right to sell a product in a defined geographic territory.