Answer:
Rate parameter of [tex]\mu = 0.5[/tex]
Step-by-step explanation:
Exponential distribution:
The exponential probability distribution, with mean m, is described by the following equation:
[tex]f(x) = \mu e^{-\mu x}[/tex]
In which [tex]\mu = \frac{1}{m}[/tex] is the decay parameter.
One appearance per two minutes.
This means that [tex]m = 2[/tex]
Measured in minutes, the time T until the next encounter is Exponential with what rate parameter?
[tex]\mu = \frac{1}{m} = \frac{1}{2} = 0.5[/tex]
So
Rate parameter of [tex]\mu = 0.5[/tex]