33Exponential wait probability
Waiting times are exponential with mean 10 minutes. Find . Give the answer to 4 decimal places.
For an exponential wait with mean 10, the rate is λ = 1/10. Using P(X ≤ t) = 1 − e^(−λt) with t = 5 gives P(X ≤ 5) = 1 − e^(−0.5) ≈ 0.3935.