Find the maximum water producing capacity

Reference no: EM13126801

A pumping station operator observes that the demand for water at a certain hour of the day can be modeled as an exponential random variable with a mean of 100 cfs (cubic feet per second).

Find the probability that the demand will exceed 200 cfs on a randomly selected day.
What is the maximum water producing capacity that the station should keep on line for this hour so that the demand will have a probability of only 0.01 of exceeding this production capacity?

Reference no: EM13126801

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