Successive purchases at a commercial website, Basic Statistics

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Successive purchases at a commercial website

Let X be the time (in minutes) between two successive purchases at a commercial website. We believe that X has an exponential distribution with parameter alpha = 0.2 purchases per minute.

a. What is the probability that the time between two consecutive purchases at this website would be greater than 2 minutes?

b. What are the mean and variance of the time X between successive purchases?

c. What is the probability that there would be exactly 3 purchases at this website in a 10-minute interval?

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Basic Statistics: Successive purchases at a commercial website

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Request for Solution File

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Basic Statistics: Successive purchases at a commercial website

Reference No:- TGS0862136

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : What was the original concentration of the naoh

Q : Determine the average of the square of the vibrational

Q : Determine the probability that the completion time

Q : Determine the average vibrational amplitude of the quantum

Q : Successive purchases at a commercial website

Q : Analyze the average kinetic and potential energies

Q : Identify the expected change in temperature

Q : How can obtain the molarity of hcl

Q : Calculate the enthalpy of vaporization

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Successive purchases at a commercial website

Reference No:- TGS0862136

Recent Questions Asked Basic Statistics

Q : What was the original concentration of the naoh

Q : Determine the average of the square of the vibrational

Q : Determine the probability that the completion time

Q : Determine the average vibrational amplitude of the quantum

Q : Successive purchases at a commercial website

Q : Analyze the average kinetic and potential energies

Q : Identify the expected change in temperature

Q : How can obtain the molarity of hcl

Q : Calculate the enthalpy of vaporization

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