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A company that receives the majority of its orders by telephone conducted a study to determine
How long customers were willing to wait on hold before ordering a product.The length of
Waiting time was found to be a variable best approximated by an exponential distribution with a
Mean length of waiting time equal to 2.8 minutes (i.e.the mean number of calls answered in a
Minute is 1/2.8) .What is the probability that a randomly selected caller is placed on hold fewer
Than 7 minutes?
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