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Question: Suppose that on a certain stretch of highway, cars pass at an average rate of five cars per minute. Assume that the duration of time between successive cars follows the exponential distribution.
a. On average, how many seconds elapse between two successive cars?
b. After a car passes by, how long on average will it take for another seven cars to pass by?
c. Find the probability that after a car passes by, the next car will pass within the next 20 seconds.
d. Find the probability that after a car passes by, the next car will not pass for at least another 15 seconds.
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A random sample of stipends of teaching assistants in economics is listed below. Is there sufficient evidence at the alpha=.05 level to conclude that the average stipend different from $15,000? The data is listed below:
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Following are the numbers of daily bids received by the government of a developing country from firms interested in winning a contract for the construction of a new port facility- Find the quartiles and the interquartile range.
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