The Time Between Arrivals at an Intersection Follows an Exponential

question 41

Short Answer

The time between arrivals at an intersection follows an exponential probability distribution with a mean of 14 seconds.What is the probability the arrival time between vehicles is 7 seconds or less ?

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Definitions:

Per-hour Wage

Compensation paid to an employee based on the number of hours worked.

Payroll Tax

Dues extracted from employers or laborers, usually as a percentage of the salary expenditures.

Payroll Tax

Taxes imposed on employers and/or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate.