A company that receives the majority of its orders by telephone conducted a study to determine
How long customers were willing to wait on hold before ordering a product.The length of
Waiting time was found to be a variable best approximated by an exponential distribution with a
Mean length of waiting time equal to 3 minutes (i.e.the mean number of calls answered in a
Minute is 1/3).What proportion of customers having to hold more than 1.5 minutes will hang up
Before placing an order?
A) 0.86466
B) 0.60653
C) 0.39347
D) 0.13534

Question

Quizplus · Accepted Answer

The Answer of A company that receives the majority of its orders by telephone conducted a study to determine
How long customers were willing to wait on hold before ordering a product.The length of
Waiting time was found to be a variable best approximated by an exponential distribution with a
Mean length of waiting time equal to 3 minutes (i.e.the mean number of calls answered in a
Minute is 1/3).What proportion of customers having to hold more than 1.5 minutes will hang up
Before placing an order?
A) 0.86466
B) 0.60653
C) 0.39347
D) 0.13534

A Company That Receives the Majority of Its Orders by Telephone