The Cashier Service Time at the Local Branch of the Rivertown

question 71

Multiple Choice

The cashier service time at the local branch of the Rivertown bank has an exponential distribution with a mean of 2.5 minutes.What is the probability that the service time: Exceeds 3 minutes?

• A).3012
• B).6988
• C).4346
• D).5654
• E).0821

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Definitions:

Organizational Rules

The formal directives, policies, and procedures established to guide operations and behavior within an organization.

Quantitative Research

A research methodology that focuses on quantifying the collection and analysis of data through objective measurement and statistical analysis.

Qualitative Research

A research method focusing on understanding concepts, thoughts, and experiences through collection of non-numeric data like interviews, observations, and texts.

Complementary

Describes things that enhance or improve each other when combined, often due to their contrasting qualities.