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Example 5.10 from Statistics, 5.3 The Exponential Distribution (Optional)
What is m, μ, and σ? The probability that you must wait more than five minutes is _______ .
Work it out on paper first. Then open the solution one step at a time, and stop as soon as you can finish on your own.
P(x > 5) = 0.6592
How did it go?