Mathematics, 16.02.2022 14:40 diego481

A company that receives most 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 waiting time was found to be a variable best approximated by an exponential distribution with a mean length of waiting time equal to 3 minutesâ€‹ (i. e. the mean number of calls answered in a minute isâ€‹ 1/3). Find the waiting time at which onlyâ€‹ 10% of the customers will continue to hold. Round to one decimal place.

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A company that receives most of its orders by telephone conducted a study to determine how long cust...