5.3 Exercise 8

Suppose that the length of a phone call, in minutes, is an exponential random variable with decay parameter $\frac{1}{12}$. The decay p[parameter is another way to view 1/λ. If another person arrives at a public telephone just before you, find the probability that you will have to wait more than five minutes. Let X = the length of a phone call, in minutes.

What is m, μ, and σ? The probability that you must wait more than five minutes is _______ .