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Mathematics, 18.08.2020 17:01 val926

The time intervals between successive barges passing a certain point on a busy waterway have an exponential distribution with mean 8 minutes. (a) Find the probability that the time interval between two successive barges is less than 5 minutes.
(b) Find a time interval t such that we can be 95% sure that the time interval between two successive barges will be greater than t.

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