In January 2025
Answer to Question #323851 in Statistics and Probability for Bless
Suppose that the time between customer arrivals in a store is given by an exponential random variable X ∼ Exp(λ), such that the average time between arrivals is 2 minutes. Suppose you walk past the store and notice it’s empty. What is the probability from the time you walk past the store, the store remains empty for more than 5 minutes?
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