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Suppose That During Business Hours,the Time Between Successive Wireless Calls E(X)=0.025E ( X ) = 0.025

question 8

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Suppose that during business hours,the time between successive wireless calls at a network switch can be represented by an exponentially distributed random variable X with expected value E(X) =0.025E ( X ) = 0.025 second.Using an appropriate probability density function,find the probability that the time between the arrival of successive wireless calls at the switch is between 0.03 and 0.065 second.Round to the nearest hundredth.


Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock.

Treasury Stock

Treasury stock consists of shares that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Paid-In Capital

The sum of money contributed by investors through the issuance of common or preferred stocks, encompassing both the nominal value of these shares and any premium above this value.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

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