Suppose the Time Intervals Between Arrivals of Successive Cars at an Expressway

question 166

Short Answer

Suppose the time intervals between arrivals of successive cars at an expressway tollbooth during rush hour are exponentially distributed and that the average time interval between arrivals is 8 seconds. Find the probability that the average time interval between arrivals of successive cars is more than 8 seconds.
Round your answer to two decimal places.

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Definitions:

Central Planning

An economic system in which the government or a central authority makes all decisions about the production and distribution of goods and services.

Government

The organization, or system of organizations, governing an organized community, often a state, and responsible for setting and enforcing policy.

Diagram

A graphical representation of information designed to visualize complex data in a clear and understandable way.

Money Incomes

Refers to the total earnings received by individuals or households in the form of wages, salaries, bonuses, and other monetary benefits.