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Suppose that you are waiting for a friend to call you andthat the time you wait in minutes has an exponential distribution with parameter λ = 0
Suppose that you are waiting for a friend to call you andthat the time you wait in minutes has an exponential distribution with parameter λ = 0.1.
(a) What is the expectation of your waiting time?
(b) What is the probability that you will wait longer than
10 minutes?(c) What is the probability that you will wait less than
5 minutes?
(d) Suppose that after 5 minutes you are still waiting for
the call. What is the distribution of your additional
waiting time? In this case, what is the probability that
your total waiting time is longer than 15 minutes?
(e) Suppose now that the time you wait in minutes for
the call has a U(0, 20) distribution. What is the
expectation of your waiting time? If after 5 minutes
you are still waiting for the call, what is the
distribution of your additional waiting time?
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