Math Problem Statement

Let X = the time between two successive arrivals at the drive-up window of a local bank. If X has an exponential distribution with l  = 1, compute the following:

a.     The expected time between two successive arrivals

b.     The standard deviation of the time between successive arrivals

c.     P(X ≤ 4)

d.     P(2 ≤ X ≤ 5)

Solution

Given that XX has an exponential distribution with parameter λ=1\lambda = 1, we can solve each part using properties of the exponential distribution.

The probability density function (PDF) of the exponential distribution is given by: f(x)=λeλx,for x0.f(x) = \lambda e^{-\lambda x}, \quad \text{for } x \geq 0. Where λ\lambda is the rate parameter (in this case, λ=1\lambda = 1).

a. The expected time between two successive arrivals

The expected value E(X)E(X) for an exponential distribution is: E(X)=1λE(X) = \frac{1}{\lambda} Given λ=1\lambda = 1, the expected time is: E(X)=11=1E(X) = \frac{1}{1} = 1

b. The standard deviation of the time between successive arrivals

For an exponential distribution, the standard deviation σX\sigma_X is the same as the expected value: σX=1λ\sigma_X = \frac{1}{\lambda} Thus, the standard deviation is: σX=11=1\sigma_X = \frac{1}{1} = 1

c. P(X4)P(X \leq 4)

The cumulative distribution function (CDF) of the exponential distribution is: F(x)=1eλx,for x0.F(x) = 1 - e^{-\lambda x}, \quad \text{for } x \geq 0. To find P(X4)P(X \leq 4), we compute the CDF at x=4x = 4: P(X4)=F(4)=1e1×4=1e4.P(X \leq 4) = F(4) = 1 - e^{-1 \times 4} = 1 - e^{-4}. Using e40.0183e^{-4} \approx 0.0183, we get: P(X4)10.0183=0.9817.P(X \leq 4) \approx 1 - 0.0183 = 0.9817.

d. P(2X5)P(2 \leq X \leq 5)

We can find this probability using the CDF: P(2X5)=F(5)F(2)P(2 \leq X \leq 5) = F(5) - F(2) First, compute F(5)F(5) and F(2)F(2): F(5)=1e1×5=1e510.0067=0.9933,F(5) = 1 - e^{-1 \times 5} = 1 - e^{-5} \approx 1 - 0.0067 = 0.9933, F(2)=1e1×2=1e210.1353=0.8647.F(2) = 1 - e^{-1 \times 2} = 1 - e^{-2} \approx 1 - 0.1353 = 0.8647. Now, subtract: P(2X5)=0.99330.8647=0.1286.P(2 \leq X \leq 5) = 0.9933 - 0.8647 = 0.1286.

Final Answers:

  • a. E(X)=1E(X) = 1
  • b. σX=1\sigma_X = 1
  • c. P(X4)0.9817P(X \leq 4) \approx 0.9817
  • d. P(2X5)0.1286P(2 \leq X \leq 5) \approx 0.1286

Would you like more details or have any questions about these calculations?

Here are 5 related questions to expand your understanding:

  1. How does the rate parameter λ\lambda affect the shape of the exponential distribution?
  2. What is the memoryless property of the exponential distribution, and how is it useful?
  3. How do we compute probabilities for intervals when λ\lambda is not 1?
  4. How would the expected value change if λ=0.5\lambda = 0.5?
  5. Can you explain how the CDF of an exponential distribution is derived?

Tip: The exponential distribution is widely used to model waiting times between independent events that happen at a constant average rate, like arrivals or failures.

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Math Problem Analysis

Mathematical Concepts

Probability
Exponential Distribution
Expected Value
Standard Deviation
Cumulative Distribution Function (CDF)

Formulas

Expected Value: E(X) = 1/λ
Standard Deviation: σ(X) = 1/λ
CDF of Exponential Distribution: F(x) = 1 - e^(-λx)
P(X ≤ x): F(x) = 1 - e^(-λx)

Theorems

Properties of Exponential Distribution

Suitable Grade Level

Grades 11-12