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The Amount of Time Between Successive TV Watching by First

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Short Answer

The amount of time between successive TV watching by first graders follows an exponential distribution with a mean of 10 hours.The probability that a given first grader spends more than 5
hours between successive TV watching is .


Definitions:

Price To Earnings Ratio

The ratio for valuing a company that measures its current share price relative to its per-share earnings.

Stock

A type of security representing ownership in a corporation and a claim on part of the corporation's assets and earnings.

Term

In finance, it refers to the length of time until a loan's maturity. In general, it can mean a period or condition stipulated in an agreement.

Higher Rate

A term that generally indicates a rate (of interest, tax, etc.) that is above the normal or average level.

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