Math Problem Statement
Solution
Let's go through each part of this problem related to the exponential distribution with a mean of 10 minutes.
Part (a)
An exponential distribution with a mean of 10 minutes implies that:
- The distribution is right-skewed (a characteristic of exponential distributions).
- The mean minutes.
- The standard deviation minutes, since, in an exponential distribution, the mean and standard deviation are equal.
So, the correct answer here is likely Option E: "The distribution is right-skewed with a mean of 10 minutes and a standard deviation of 10 minutes."
Part (b)
To compute the probabilities, we use the exponential probability density function (PDF) and cumulative distribution function (CDF):
Given:
- Mean minutes, so the rate .
For an exponential distribution, the probability that is given by:
(i) Probability that the time passing is less than 5 minutes:
(ii) Probability that the time passing is between 9.5 and 18 minutes:
Calculate each term separately:
(iii) Probability that the time passing is more than 27 minutes:
Part (c)
This is a conditional probability question. Given that 14 minutes have passed, we want the probability that at least another 10 minutes will pass. For exponential distributions, the memoryless property tells us:
Part (d)
To find the time such that 93% of the time the check-in interval is at most : Solving for :
I'll proceed with these calculations now.Here are the results for each part of the calculations:
-
(b)(i) Probability that the time passing is less than 5 minutes: .
-
(b)(ii) Probability that the time passing is between 9.5 and 18 minutes: .
-
(b)(iii) Probability that the time passing is more than 27 minutes: .
-
(c) Probability that at least another 10 minutes will pass after 14 minutes have already passed: .
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(d) 93% of the time, the number of minutes passing between successive customer check-ins is at most approximately 26.59 minutes.
Would you like further explanations on any part, or details on how these values were derived?
Here are 5 related questions to deepen understanding:
- How would the results change if the mean time between check-ins were different?
- Why does the memoryless property apply to exponential distributions specifically?
- What is the impact of the rate parameter on the shape of the distribution?
- How do we interpret probabilities in the context of an exponential distribution?
- Could we use a different distribution if the check-in times followed a different pattern?
Tip: For exponential distributions, the mean and standard deviation are always equal, making it unique among distributions.
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Math Problem Analysis
Mathematical Concepts
Exponential Distribution
Probability
Conditional Probability
Memoryless Property
Formulas
Exponential Probability Density Function (PDF): f(t) = λe^{-λt}
Exponential Cumulative Distribution Function (CDF): P(T ≤ t) = 1 - e^{-λt}
Mean of Exponential Distribution: μ = 1/λ
Standard Deviation of Exponential Distribution: σ = μ
Memoryless Property: P(T > t + s | T > s) = P(T > t)
Theorems
Memoryless Property of Exponential Distributions
Suitable Grade Level
Undergraduate Statistics
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