Using the exponential distribution find the probability


Suppose that on average, people buy two lottery tickets per month (assuming 4 weeks in a month). Using the exponential distribution, find the probability that a person buys more than one lottery ticket per week.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Using the exponential distribution find the probability
Reference No:- TGS02652068

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)