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At the West-Side Drive-Inn, Customers Arrive at the Rate of 10

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Essay

At the West-Side Drive-Inn, customers arrive at the rate of 10 every 30 minutes. The time between arrivals is exponentially distributed. Based on this information, what is the probability that the time between two customers arriving will exceed 6 minutes?


Definitions:

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.

Interest

The charge for borrowing money or the return on investment of saved funds.

Months

Units of time, each approximately 30-31 days long, used to measure durations and periods in the calendar year.

Deposit

A quantity of funds saved or stored in a banking account, often for the purpose of accruing interest.

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