if b:9 3. An art collector travels to art auctions once a month on the average. Each trip is guarant

/in /by

3. An art collector travels to art auctions once a month on the average. Each trip is guaranteed to produce one purchase. The time between trips is exponentially distributed. Determine a. The probability that no purchase is made in a 3-month period b. The probability that no more than 8 purchases are made per year. c. The probability that the time between successive trips will exceed 1 month. 4. The time between arrivals at E&L restaurant is exponential with mean 5 minutes. The restaurant opens for business at 11:00 A.M. Determine: a. The probability of having 10 arrivals in the restaurant by 11:b A.M. given that 8 customers arrived by 1 1:(1-8) A.M. b. If the last customer arrived at 11.25 A.M, find the probability that a new customers will arrive between 11:28 and 11:33 A.M.

if b:9

3. An art collector travels to art auctions once a month on the average. Each trip is guaranteed to produce one purchase. The time between trips is exponentially distributed. Determine a. The probability that no purchase is made in a 3-month period b. The probability that no more than 8 purchases are made per year. c. The probability that the time between successive trips will exceed 1 month. 4. The time between arrivals at E&L restaurant is exponential with mean 5 minutes. The restaurant opens for business at 11:00 A.M. Determine: a. The probability of having 10 arrivals in the restaurant by 11:b A.M. given that 8 customers arrived by 1 1:(1-8) A.M. b. If the last customer arrived at 11.25 A.M, find the probability that a new customers will arrive between 11:28 and 11:33 A.M.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now
 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"