Respuesta :
The probability that the service time will be more than three minutes is 0.3012.
Given that the average wait time at the Rivertown bank's neighborhood branch is 2.5 minutes and has an exponential distribution,
The time it takes to succeed in a continuous sequence of independent trials is described by the exponential distribution, which is a continuous probability distribution.
At the River Town Bank's neighborhood branch, the random variable X service time has an exponential distribution with a mean value of 2.5 minutes. Therefore,
[tex]f(x)=\left\{\begin{array}{ll}\theta e^{-\theta x},& \theta \geq 0,0\leq x\leq \infty\\0&\text{otherwise}\end{array}[/tex]
E(x)=1/θ
θ=1/2.5
θ=0.4
The probability that the service time will be longer than three minutes:
[tex]\begin{aligned}P(X > 3)&=1-P(X\leq 3)\\ &=1-(1-e^{-0.4\times 3}\\ &=e^{-1.2}\\ &=0.3012\end[/tex]
Since the service duration has an exponential distribution and a mean of 2.5 minutes, the needed chance that it will exceed 3 minutes is 0.3012.
Learn more about exponential function from here brainly.com/question/18596455
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