QUESTION 4: "Buses come in threes'. Suppose that the time between bus arrivals is given by independent Exponential distr
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QUESTION 4: "Buses come in threes'. Suppose that the time between bus arrivals is given by independent Exponential distr
QUESTION 4: "Buses come in threes'. Suppose that the time between bus arrivals is given by independent Exponential distributions with parameter lambda = 6 (i.e. 6 buses per hour on average). Using simulation, or otherwise, what is the probability that the next 3 buses arrive such that the time difference between when the first bus arrives and the last bus arrives is 10 minutes or less? NB: lambda parameter is in hours. Your answer
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