Answer:
The term rate refers to a quantity of one item in relation to another item used as a standard. A popular example is speed. Speed is a measure of distance traveled through time and is measured as meters per second. Another example is acceleration, which is a measure of speed through time or simply how fast an object is gaining speed and is measured in meters per second squared.
Step-by-step explanation:
Example: For example, if it is a mile, you count how many feet are in that mile.
Answer:
C
Step-by-step explanation:
Exponential decay should be in this format A = Ao × e^(-kt)
Answer:
a) 0.25
b) 52.76% probability that a person waits for less than 3 minutes
Step-by-step explanation:
Exponential distribution:
The exponential probability distribution, with mean m, is described by the following equation:

In which
is the decay parameter.
The probability that x is lower or equal to a is given by:

Which has the following solution:

The probability of finding a value higher than x is:

In this question:

a. Find the value of λ.

b. What is the probability that a person waits for less than 3 minutes?

52.76% probability that a person waits for less than 3 minutes