Let the Time Between Two Consecutive Arrivals at a Grocery

question 23

Multiple Choice

Let the time between two consecutive arrivals at a grocery store checkout line be exponentially distributed with a mean of three minutes. Find the probability that the next arrival does not occur until at least four minutes have passed since the last arrival.

• A) 0.0000
• B) 0.2636
• C) 0.4724
• D) 0.7364

---

Definitions:

Chapter 7

A provision under the U.S. Bankruptcy Code dealing with the process of liquidation, where a debtor's assets are sold to pay creditors.

Meeting of Creditors

A gathering in bankruptcy proceedings where creditors can question the debtor about their finances and the bankruptcy petition.

Debtor's Assets

Property owned by an individual or entity that owes money to creditors, which can be used to pay off debts.

Presumption of Abuse

A legal assumption that an action is undertaken with the intention of exploiting or harming, especially in contexts like bankruptcy filings where managing debt responsibly is questioned.