For a particular kind of call the phone company charges 1


Question: For a particular kind of call, the phone company charges $1 for the first minute of any portion thereof, and one cent per second for time after the first minute. Calculate the approximate value of the long-run average charge per call assuming the distribution of call duration is:

a) exponential with mean 1 minute:

b) exponential with mean 2 minutes:

c) gamma with shape parameter 2 and mean 1 minute.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: For a particular kind of call the phone company charges 1
Reference No:- TGS02607096

Expected delivery within 24 Hours