Friday, October 10, 2014

The time between arrivals of taxis at a busy intersection

The time between arrivals of taxis at a busy intersection is exponentially distributed with a mean of 10 minutes.
(a) What is the probability that you wait longer than one hour for a taxi?
(b) Suppose you have already been waiting for one hour for a taxi, what is the probability that one arrives within the next 10 minutes?

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