On a certain terrible stretch of highway, the appearance of potholes can be modeled by a Poisson process. Let the RV denote the distance between successive potholes (measured in miles). The CDF of X is:
(a) What is the mean number of potholes in a 2-mile stretch of the highway?
(b) What is the probability that there will be at least 2 potholes in a 2-mile stretch of the highway?
An online company sells artificial Christmas trees. During the holiday season, the amount of time between sales, , is an exponential random variable with an expected value of 2.5 hours.
(a) Find the probability that the store will sell more than 2 trees in a 1-hour period of time.
(b) Find the probability the time between the sales of two trees will be between 4-5 hours.