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Mathematics, 07.11.2019 04:31 vick67

Acatalog 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 time was found to be a random variable best approximated by an exponential distribution with a mean equal to 2.8 minutes. what is the probability that a randomly selected caller is placed on hold fewer than 7 minutes?

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