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Back to 5.3 The Exponential Distribution

5.3 Exercise 24

Avg difficulty 2.5

Use the following information to answer the next ten exercises. A customer service representative must spend different amounts of time with each customer to resolve various concerns. The amount of time spent with each customer can be modeled by the following distribution: X ~ Exp(0.2)

Find the 70th percentile.

OpenStax Introductory Business Statistics 2e, 5.3 The Exponential Distribution, exercise 24

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Adapted from Introductory Business Statistics 2e © 2023 Rice University. Licensed under CC BY 4.0. Source: Introductory Business Statistics 2e. Imported at revision 50ec917.