In: Statistics and Probability
When crossing the Golden Gate Bridge, traveling into San Francisco, all drivers must pay a toll. Suppose the amount of time (in minutes) drivers wait in line to pay the toll follows an exponential distribution with a probability density function of f(x) = 0.35e−0.35x. a. What is the mean waiting time that drivers face when entering San Francisco via the Golden Gate Bridge? (Round your answer to 2 decimal places.) b. What is the probability that a driver spends more than the average time to pay the toll? (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.) c. What is the probability that a driver spends more than 12 minutes to pay the toll? (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.) d. What is the probability that a driver spends between 5 and 7 minutes to pay the toll? (Round intermediate calculations to at least 4 decimal places and final answer to 4 decimal places.)
a. What is the mean waiting time that drivers face when entering San Francisco via the Golden Gate Bridge?
We are given
f(x) = 0.35*exp(-0.35*x)
Comparing it with
f(x) = λ*exp(-λ*x)
We get
λ = 0.35
Formula for mean for exponential distribution is given as below:
Mean = 1/λ
Mean = 1/0.35
Mean = 2.857143
Mean = 2.86 Minutes
b. What is the probability that a driver spends more than the average time to pay the toll?
Here, we have to find P(X>2.86)
P(X>2.86) = 1 – P(X<2.86)
P(X<2.86) = 0.632488
(By using exponential table or excel)
P(X>2.86) = 1 – P(X<2.86)
P(X>2.86) = 1 – 0.632488
P(X>2.86) = 0.367512
Required probability = 0.3675
c. What is the probability that a driver spends more than 12 minutes to pay the toll?
Here, we have to find P(X>12)
P(X>12) = 1 – P(X<12)
P(X<12) = 0.985004
(By using exponential table or excel)
P(X>12) = 1 – P(X<12)
P(X>12) = 1 – 0.985004
P(X>12) = 0.014996
Required probability = 0.0150
d. What is the probability that a driver spends between 5 and 7 minutes to pay the toll?
Here, we have to find P(5<X<7)
P(5<X<7) = P(X<7) – P(X<5)
P(X<7) = 0.913706
(By using exponential table or excel)
P(X<5) = 0.826226
(By using exponential table or excel)
P(5<X<7) = P(X<7) – P(X<5)
P(5<X<7) = 0.913706 - 0.826226
P(5<X<7) = 0.08748
Required probability = 0.0875