There are 4 customers in line at the bank teller's window. The length of time X in minutes needed to service a random customer has an exponential distribution with mean 5 minutes. As each customer finishes, the teller instantly starts the next customer. Assume the times needed to service the 4 customers are mutually independent.
a) What is the mean and variance of the total amount of time needed to service the 4 customers?
b) The bank will close in 15 minutes. What is the probability that the teller will finish servicing all 4 customers before the bank closes?
a) What is the mean and variance of the total amount of time needed to service the 4 customers?
b) The bank will close in 15 minutes. What is the probability that the teller will finish servicing all 4 customers before the bank closes?