Multiple Choice
A catalogue 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 time was found to be a random variable best approximated by an exponential distribution with a mean equal to 3 minutes.
-Find the waiting time at which only 10% of the customers will continue to hold.
A) 2.3 minutes.
B) 3.3 minutes.
C) 13.8 minutes.
D) 6.9 minutes.
Correct Answer:

Verified
Correct Answer:
Verified
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