Math Problem Statement
Solution
This problem deals with the exponential distribution, which is commonly used to model waiting times. Given the average waiting time of 35 minutes, we can use the exponential distribution's properties to answer each part.
(a) Standard Deviation
For an exponential distribution with mean , both the mean and the standard deviation are equal to . Given: So:
(b) Probability of Waiting Between 27 and 38 Minutes
The probability density function for an exponential distribution with mean is: However, the cumulative distribution function (CDF) is more useful here:
To find , we calculate: where: Substitute the values and calculate to four decimal places.
(c) Conditional Probability of Total Waiting Time
This part asks for the probability of waiting at most 46 minutes, given that you've already waited 30 minutes. For an exponential distribution, the memoryless property applies: So:
(d) 50th Percentile (Median) Waiting Time
For an exponential distribution, the median is given by: Substitute and calculate
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Math Problem Analysis
Mathematical Concepts
Exponential Distribution
Probability
Standard Deviation
Memoryless Property
Percentile
Formulas
Standard Deviation for Exponential Distribution: SD(X) = Mean (μ)
Probability Density Function: f(x) = (1 / μ) * e^(-x / μ)
Cumulative Distribution Function: P(X ≤ x) = 1 - e^(-x / μ)
Conditional Probability using Memoryless Property
Median of Exponential Distribution: Median = μ * ln(2)
Theorems
Memoryless Property of Exponential Distribution
Suitable Grade Level
Grades 11-12 or College Level
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