Customers arrive at a local ATM at an average rate of 14 per hour. Assume the...

Customers arrive at a local ATM at an average rate of 14 per hour. Assume the time between arrivals follows the exponential probability distribution. Determine the probability that the next customer will arrive in the following time frames.

a) What is the probability that the next customer will arrive within the next 2 minutes?

b) What is the probability that the next customer will arrive in more than 15 minutes?

c) What is the probability that the next customer will arrive between 8 and 13 minutes?

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Expert Solution

milcah answered 9 months ago

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