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The Interval Between Patients Arriving at an Outpatient Clinic Follows

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Short Answer

The interval between patients arriving at an outpatient clinic follows an exponential distribution with mean 15 minutes.What is the probability that a randomly chosen arrival to be more than 18 minutes?


Definitions:

Shares

Units of ownership interest in a corporation or financial asset, providing a portion of the ownership to the shareholder.

Geometric Average

The average rate of return for a set of values calculated by multiplying them together and then taking the nth root (where n is the total number of values).

Arithmetic Average

A calculated central value of a set of numbers by adding all numbers and dividing by the count of numbers.

Probability Ranges

A statistical measure that estimates the range within which the value of a variable or outcome will fall, given a certain level of confidence.

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