The Time Between Arrivals at an Intersection Follows an Exponential

question 37

Short Answer

The time between arrivals at an intersection follows an exponential probability distribution with a mean of 14 seconds.What is the probability the arrival time between vehicles is 14 seconds or less ?

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Definitions:

Percentage-Of-Completion

An accounting method that recognizes revenues and expenses in proportion to the completion of a contracted work or project.

Economic Substance

The underlying economic reality of a transaction which determines its legal and tax implications, regardless of its form.

Inventory Value

The total cost assigned to goods and materials held in stock by a business at a specific point in time.

Percentage-Of-Completion

An accounting method used to recognize revenue and expenses of long-term projects proportionally with the degree of completion.