Michael W. answered 04/15/15
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So, this question has two parts: there's the part about "equally likely," and the part about "continuous."
Let's say you're visiting Disney, you go park your car, and then you go wait for the tram to take you into the park. Let's say that Disney tells you that a tram is going to come every 10 minutes. If that's true, and I ask you how long you're going to wait for the next tram, your answer is "I dunno, somewhere between 0 and 10 minutes." It could be any value between 0 and 10, like 3 minutes and 4 seconds...and if you have a really good stopwatch, you could even measure it to the fraction of a second.
Let's say you're visiting Disney, you go park your car, and then you go wait for the tram to take you into the park. Let's say that Disney tells you that a tram is going to come every 10 minutes. If that's true, and I ask you how long you're going to wait for the next tram, your answer is "I dunno, somewhere between 0 and 10 minutes." It could be any value between 0 and 10, like 3 minutes and 4 seconds...and if you have a really good stopwatch, you could even measure it to the fraction of a second.
That's the "continuous" part. Any value is possible. It's not just exactly 1 minute, or exactly 2 minutes...it's anything.
Unless I do some special planning, my wait time for the next tram is going to be completely random. There's no reason to believe that I'll wait 1 minute, instead of 3 minutes and 5 seconds, or 9 minutes and 54 seconds. Any time between 0 and 10 minutes could happen, and any of those times is just as likely as any other. It's complete luck.
That's the "equally likely" part.
Hope this helps,