Answer:
0.069 = 6.9% probability that a customer has to wait more than 4 minutes.
Explanation:
Exponential distribution:
The exponential probability distribution, with mean m, is described by the following equation:
In which
is the decay parameter.
The probability that x is lower or equal to a is given by:
Which has the following solution:
In this problem, we have that:
So
Find the probability that a customer has to wait more than 4 minutes.
Either the customer has to wait 4 minutes or less, or he has to wait more than 4 minutes. The sum of the probabilities of these events is decimal 1. So
We want P(X > 4). So
0.069 = 6.9% probability that a customer has to wait more than 4 minutes.