Exponentially distributed with respective parameters

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On one block of "Eat Street" in downtown Minneapolis there are 10 restaurants to choose from. The waiting time for each restaurant is exponentially distributed with respective parameters λ1,...,λ10. Bob will decide to eat at restaurant i with probability pi for i = 1,..., 10 (p1 + ··· + p10 = 1). What is Bob's expected waiting time?

Reference no: EM131107282

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Exponentially distributed with respective parameters : On one block of "Eat Street" in downtown Minneapolis there are 10 restaurants to choose from. The waiting time for each restaurant is exponentially distributed with respective parameters λ1,...,λ10.
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