Question

Suppose we model the waiting time (in minutes) of a customer with a Weibull distribution with...

Suppose we model the waiting time (in minutes) of a customer with a Weibull distribution with a shape parameter of 10 and a scale parameter of 20.

(a) Find or estimate the customer’s expected waiting time.

(b) If a customer has already waited 20 minutes, find or estimate the expected value of their remaining waiting time.

Math   Statistics-And-Probability   
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