24. Autos arrive at a tollbooth located at the entrance to a bridge at the rate of 50 per minute he 5:00-6:00 pm hour. If an auto has just arrived, a. what is the probability that the next auto arrives within 3 seconds? b. what is the probability that the next auto arrives within 1 second? c. what is the probability that the next auto arrives in more than 4 seconds?

24. Autos arrive at a tollbooth located at the entrance to a bridge at the rate of 50 per minute he 5:00-6:00 pm hour. If an auto has just arrived, a. what is the probability that the next auto arrives within 3 seconds? b. what is the probability that the next auto arrives within 1 second? c. what is the probability that the next auto arrives in more than 4 seconds?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter7: Uncertainty

Section: Chapter Questions

Problem 7.1P

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