If three customers are checked out per minute at a store wha
If three customers are checked out per minute at a store, what is the chance, with you being the third in line, that it takes 5 minutes or more to be checked out? (distribution question)
Solution
let X be the random variable representing the time to check out
X follows exponential distribution with parameter a = 1/3
cumulative distribution function of exponential distribution is
P(X>x) = e^(-ax)
=>
P(X>5) = e^(-5/3) = 0.1889
