THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 141

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose that the time between successive occurrences of an event follows an exponential distribution with mean 1/λ minutes.Assume that an event occurs.
-Show that,if 4 minutes have already elapsed,the probability that a further 4 minutes will elapse before the next occurrence is e^-8λ.Explain your answer in words.

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Process of Persuasion

The method of influencing someone's beliefs, attitudes, intentions, motivations, or behaviors through argument, reasoning, or appeal.

Bad Outcomes

Negative or undesired results or consequences of an action or decision.

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