QUESTION 4: "Buses come in threes'. Suppose that the time between bus arrivals is given by independent Exponential distr
Posted: Wed May 11, 2022 6:08 am
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