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Mathematics, 20.03.2020 02:49 isaacb6291

The time between arrivals of taxis at a busy intersection is exponentially distributed with a mean of 24 minutes. (a) What is the probability that you wait longer than one hour for a taxi? (b) Suppose you have already been waiting for one hour for a taxi, what is the probability that one arrives within the next 10 minutes? Round your answers to 4 decimal places.

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