Suppose the time X a customer must spend waiting in line at a certain bank is a random variable that
Question: Suppose the time \(X\) a customer must spend waiting in line at a certain bank is a random variable that is exponentially distributed with density function
\[f(x)=\left\{ \begin{aligned} & \frac{1}{4}{{e}^{-x/4}}\text{ if }x\ge 0 \\ & 0\text{ if }x<0 \\ \end{aligned} \right.\]where \(x\) is the number of minutes a randomly selected customer is in line. Find the probability that a customer will have to stand in line at least eight minutes
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Solution: The solution file consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
