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# An online retailer has determined that the average time for credit card transactions to ISBN: 9781305270336 484

## Solution for problem 11 Chapter 8.5

Single Variable Calculus: Early Transcendentals | 8th Edition

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Problem 11

An online retailer has determined that the average time for credit card transactions to be electronically approved is 1.6 seconds. (a) Use an exponential density function to find the probability that a customer waits less than a second for credit card approval. (b) Find the probability that a customer waits more than 3 seconds. (c) What is the minimum approval time for the slowest 5% of transactions

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##### ISBN: 9781305270336

Single Variable Calculus: Early Transcendentals was written by and is associated to the ISBN: 9781305270336. The answer to “An online retailer has determined that the average time for credit card transactions to be electronically approved is 1.6 seconds. (a) Use an exponential density function to find the probability that a customer waits less than a second for credit card approval. (b) Find the probability that a customer waits more than 3 seconds. (c) What is the minimum approval time for the slowest 5% of transactions” is broken down into a number of easy to follow steps, and 67 words. Since the solution to 11 from 8.5 chapter was answered, more than 591 students have viewed the full step-by-step answer. This textbook survival guide was created for the textbook: Single Variable Calculus: Early Transcendentals, edition: 8. This full solution covers the following key subjects: . This expansive textbook survival guide covers 95 chapters, and 5427 solutions. The full step-by-step solution to problem: 11 from chapter: 8.5 was answered by , our top Calculus solution expert on 03/19/18, 03:29PM.

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