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 has an exponential distribution with parameter , we can solve each part using properties of the exponential distribution.
The probability density function (PDF) of the exponential distribution is given by: Where is the rate parameter (in this case, ).
a. The expected time between two successive arrivals
The expected value for an exponential distribution is: Given , the expected time is:
b. The standard deviation of the time between successive arrivals
For an exponential distribution, the standard deviation is the same as the expected value: Thus, the standard deviation is:
c.
The cumulative distribution function (CDF) of the exponential distribution is: To find , we compute the CDF at : Using , we get:
d.
We can find this probability using the CDF: First, compute and : Now, subtract:
Final Answers:
- a.
- b.
- c.
- d.
Would you like more details or have any questions about these calculations?
Here are 5 related questions to expand your understanding:
- How does the rate parameter affect the shape of the exponential distribution?
- What is the memoryless property of the exponential distribution, and how is it useful?
- How do we compute probabilities for intervals when is not 1?
- How would the expected value change if ?
- 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
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