Chattel paper is considered tangible personal property

Salary is paid by the unit of time or by the unit of output

Indicate whether the statement is true or false.

Let X represent the amount of time till the next student will arrive in the library parking lot at the university. If we know that the distribution of arrival time can be modeled using an exponential distribution with a mean of 4 minutes (i.e. the mean number of arrivals is 1/4 per minute), find the probability that it will take between 2 and 12 minutes for the next student to arrive at the

library parking lot. A) 0.556744 B) 0.656318 C) 0.049787 D) 0.606531