TABLE 6-6 The Interval Between Consecutive Hits at a Web Site Is

question 114

Short Answer

TABLE 6-6
The interval between consecutive hits at a web site is assumed to follow an exponential distribution with an average of 40 hits per minute.
-Referring to Table 6-6, what is the probability that the next hit at the web site will occur within 10 seconds after just being hit by a visitor?

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Definitions:

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Selling Price

The amount of money for which something is sold or offered for sale to a buyer.

Marked Down

A reduction in the price of goods to stimulate sales or clear out inventory.

Operating Expense

Operating expense includes all necessary expenditures that a business incurs as a result of performing its normal business operations, excluding the cost of goods sold.