Math Problem Statement
Give final answer for each part
Solution
To solve the problem presented in the image, we first need to understand that it is based on the exponential distribution. The waiting time follows an exponential distribution with a mean waiting time of 41 minutes. The probability density function (PDF) of an exponential distribution is given by:
Where .
Now, let's break down the problem into parts:
(a) Provide the standard deviation of this distribution.
For an exponential distribution, the mean and the standard deviation are both equal to . Since the mean waiting time is 41 minutes:
(b) Compute the probability that you will have to wait between 28 and 38 minutes to get in.
We need to calculate . The cumulative distribution function (CDF) for an exponential distribution is:
Thus, the probability can be calculated as:
Substitute into the CDF formula:
Now, calculate:
After evaluating the exponents and subtracting, the final probability should be calculated (you can use a calculator or software for accurate results).
(c) What is the chance that you will have to wait at most 53 minutes in total, given that you have already waited 30 minutes?
This is a conditional probability, so we use the formula for the conditional exponential distribution:
Where , and .
Now calculate the conditional probability:
Simplify and evaluate the exponents.
(d) 50% of the time, you will have to wait at most how many minutes?
For the 50th percentile, we need to find such that . From the CDF of the exponential distribution:
Solving for :
Now, calculate .
If you'd like any further explanation or need help with the calculations, let me know!
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Math Problem Analysis
Mathematical Concepts
Exponential Distribution
Probability
Conditional Probability
Formulas
Standard Deviation (SD(X)) = 1 / lambda
CDF of Exponential Distribution: F(x; lambda) = 1 - e^(-lambda * x)
Conditional Probability for Exponential Distribution: P(X ≤ a | X > b) = (F(a) - F(b)) / (1 - F(b))
Theorems
Exponential Distribution Properties
Conditional Probability
Suitable Grade Level
College-level Statistics
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