Let X denote the amount of time (in minutes) a postal clerk spends with his/her customer. The time is known to have an exponential distribution with an average amount of time equal to 4 minutes.
i)Find the probability that a clerk spends four to five minutes with a randomly selected customer.
ii)Half of all the customers are finished within how long? (Find the median)
iii)Which is larger, the mean or the median?
is a continuous random variable since time is measured. It is given that minutes.
i)
ii)
iii) The theoretical mean is minutes. We have just calculated the median (or 50th percentile) as minutes. So the mean is larger.
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