The waiting time (in minutes) between ordering and receiving your meal at a certain restaurant
is exponentially distributed with a mean of 10 minutes.
The restaurant has a policy that your
meal is free if you have to wait more than 25 minutes after ordering. What is the probability of
receiving a free meal?
A) 0.670320 B) 0.082085 C) 0.329680 D) 0.917915
B
Business
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From the standpoint of the insured, deductibles in insurance contracts are a form of:
A) risk transfer B) loss control C) risk retention D) risk avoidance
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While Facebook has a large number of users, only 10 percent update their status daily and only 15 percent make comments once a day or more
Indicate whether the statement is true or false
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