If time between two ATM transaction is exponentially distributed with Lambda = 1 minutes. find the probability that the time between two transactions is more than 0.79 minutes. (answer to three decimal places)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section: Chapter Questions
Problem 27T
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If time between two ATM transaction is exponentially distributed with Lambda = 1 minutes.
find the probability that the time between two transactions is more than 0.79 minutes.
(answer to three decimal places)
Transcribed Image Text:If time between two ATM transaction is exponentially distributed with Lambda = 1 minutes. find the probability that the time between two transactions is more than 0.79 minutes. (answer to three decimal places)
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