Final answer:
To find the probability that an arrival occurs within the first 5 time units given an arrival rate (λ) of 0.7, we use the exponential distribution's CDF. The calculated probability is 0.9698 after rounding to four decimal places.
Step-by-step explanation:
The question asks for the probability that an arrival occurs within the first t=5 time units given an arrival rate (λ) of 0.7. This can be assessed using the exponential distribution, which describes the time between events in a Poisson process. The cumulative distribution function (CDF) of the exponential distribution is given by P(T < t) = 1 - e-λt. To find the probability that an arrival occurs within the first 5 units of time, we need to calculate P(t ≤ 5 | λ=0.7).
The calculation is as follows:
P(t ≤ 5 | λ=0.7) = 1 - e-0.7 × 5
= 1 - e-3.5
= 1 - 0.03019738
= 0.96980262
After rounding to four decimal places, we get P(t ≤ 5 | λ=0.7) = 0.9698.