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Mathematics, 23.09.2021 14:00 Andinojose

The cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $3.50. What is the percentage of items that cost: a. Less than $1?

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The cost per item at a supermarket follows an exponential distribution. There are many inexpensive i...
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