Mathematics, 24.04.2020 21:27, crickel40pa8sxe
A company that receives the majority of its orders by telephone conducted a study to determine how long customers were willing to wait on hold before ordering a product. The length of waiting time was found to be a variable best approximated by an exponential distribution with a mean length of waiting time equal to 3 minutes (i. e. the mean number of calls answered in a minute is 1/3). What proportion of customers having to hold more than 4.5 minutes will hang up before placing an order? (Hints: Expoential distribution) A. 0.48658 B. 0.22313 C. 0.51342 D. 0.77687
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