Checkout times in a Walmart store follow an exponential distribution with a mean time of 8 minutes. What is the probability that the checkout time for the next customer will be 6 minutes or less?

A) 0.528
B) 0.472
C) 0.972
D) 0.328

A

Business

You might also like to view...

The first step in the Risk Management Process is choosing appropriate risk handling techniques

Indicate whether the statement is true or false

Business

In a short essay, list and explain three key elements in designing an organization's structure

What will be an ideal response?

Business