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The length of time spent waiting in line at a certain bank is modeled by an exponential density function with a mean of 5 minutes. Find the probability that you would wait in line for at least 8 minutes in this bank.

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Answer:


P(X >8)

And for this case we can use the complement rule and we got:


P(X >8)= 1-P(X<8)

And we can use also the cumulative distribution function given by:


F(x) =1 -e^(-\lambda x)

And replacing we got:


P(X >8)= 1-P(X<8)= 1- (1- e^{-(1)/(5) *8})= e^{-(1)/(5) *8} = 0.202

Explanation:

For this case we can define the random variable of interest X as "The length of time spent waiting in line at a certain bank" and for this case we know that the distribution for X is given by:


X \sim Exp(\lambda =(1)/(5))

And for this case we want to find the following probability:


P(X >8)

And for this case we can use the complement rule and we got:


P(X >8)= 1-P(X<8)

And we can use also the cumulative distribution function given by:


F(x) =1 -e^(-\lambda x)

And replacing we got:


P(X >8)= 1-P(X<8)= 1- (1- e^{-(1)/(5) *8})= e^{-(1)/(5) *8} = 0.202

User Adam Fyles
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