The Time Between Customer Arrivals at a Furniture Store Has $\theta = 8.5$

question 251

Multiple Choice

The time between customer arrivals at a furniture store has an approximate exponential distribution with mean $\theta = 8.5$ 8.5 minutes. If a customer just arrived, find the probability that the nex customer will arrive in the next 5 minutes.

• A) 0.555306
• B) 0.182684
• C) 0.444694
• D) 0.817316

---

Definitions:

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared over a period of time.

Total Output

The total quantity of goods or services produced by a firm or economy in a given period.

Economy

A system of production, distribution, and consumption of goods and services among individuals and businesses in a certain area or country.

Increasing Rate

A situation or condition where there is a rise in the percentage or level of a particular economic variable or indicator over a designated period.