Answer:
3.97% probability that there is a waiting of more than 2 minutes between arrivals
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:
What is the probability that there is a waiting of more than 2 minutes between arrivals
Either you wait 2 minutes or less, or you wait more than 2 minutes. The sum of the probabilities of these events is decimal 1. So
We want P(X > 2). So
In which
3.97% probability that there is a waiting of more than 2 minutes between arrivals