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The document discusses using the exponential distribution and the EXPONDIST function in Excel to calculate probabilities related to the service time at Wendy's, given the average service time is 2.2 minutes. It provides the calculations and results for (a) the probability of service time less than or equal to 1 minute, (b) the probability of service time between 30 seconds and 1 minute, and (c) the probability of getting food for free (service time greater than 5 minutes).
The document discusses using the exponential distribution and the EXPONDIST function in Excel to calculate probabilities related to the service time at Wendy's, given the average service time is 2.2 minutes. It provides the calculations and results for (a) the probability of service time less than or equal to 1 minute, (b) the probability of service time between 30 seconds and 1 minute, and (c) the probability of getting food for free (service time greater than 5 minutes).
The document discusses using the exponential distribution and the EXPONDIST function in Excel to calculate probabilities related to the service time at Wendy's, given the average service time is 2.2 minutes. It provides the calculations and results for (a) the probability of service time less than or equal to 1 minute, (b) the probability of service time between 30 seconds and 1 minute, and (c) the probability of getting food for free (service time greater than 5 minutes).