The time intervals between successive barges passing a certain point on a busy waterway have an exponential distribution with mean 8 minutes. (a) Find the probability that the time interval between two successive barges is less than 5 minutes.
(b) Find a time interval t such that we can be 95% sure that the time interval between two successive barges will be greater than t.

a) 0.4647

b) 24.6 secs

Step-by-step explanation:

Let T be interval between two successive barges

t(t) = λe^λt where t > 0

The mean of the exponential

E(T) = 1/λ

E(T) = 8

1/λ = 8

λ = 1/8

∴ t(t) = 1/8×e^-t/8   [ t > 0]

Now the probability we need

p[T<5] = ₀∫⁵ t(t) dt

=₀∫⁵ 1/8×e^-t/8 dt

= 1/8 ₀∫⁵ e^-t/8 dt

= 1/8 [ (e^-t/8) / -1/8 ]₀⁵

= - [ e^-t/8]₀⁵

= - [ e^-5/8 - 1 ]

= 1 - e^-5/8 = 0.4647

Therefore the probability that the time interval between two successive barges is less than 5 minutes is 0.4647

b)

Now we find t such that;

p[T>t] = 0.95

so

t_∫¹⁰ t(x) dx = 0.95

t_∫¹⁰ 1/8×e^-x/8 = 0.95

1/8 t_∫¹⁰ e^-x/8 dx = 0.95

1/8 [( e^-x/8 ) / - 1/8 ]¹⁰_t  = 0.95

- [ e^-x/8]¹⁰_t = 0.96

- [ 0 - e^-t/8 ] = 0.95

e^-t/8 = 0.95

take log of both sides

log (e^-t/8) = log (0.95)

-t/8 = In(0.95)

-t/8 = -0.0513

t = 8 × 0.0513

t = 0.4104 (min)

so we convert to seconds

t = 0.4104 × 60

t = 24.6 secs

Therefore the time interval t such that we can be 95% sure that the time interval between two successive barges will be greater than t is 24.6 secs

40% off the regular price is the correct answer.

step-by-step explanation: