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Author Question: A catalog company administered a survey to determine how long customers were willing to wait on hold ... (Read 81 times)

james9437

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on: Jun 24, 2018
A catalog company administered a survey to determine how long customers were willing to wait on hold before ordering a product.
 
  The length of time was found to be a random variable best approximated by an exponential distribution with a mean equal to 3.5 minutes. What proportion of customers having to hold more than 5.0 minutes will hang up before placing an order?A) 0.2397
  B) 0.5714
  C) 0.4286
  D) 0.7603

Question 2

What statistical term describes the 30 plots?
 
  What will be an ideal response?


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mtmmmmmk

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

Sample


james9437

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

JaynaD87

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Reply 3 on: Yesterday
Wow, this really help

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