Question
An insurance company models the number of days elapsing between the beginning of a calendar year and the moment a high-risk driver gets into an accident by means of an exponential random variable with parameter . If they expect that 10% of the high-risk drivers will get into an accident during the first 30 days of the calendar year, find the probability that a high-risk driver will get into an accident during the first 40 days of a calendar year.
Answer :
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