First, find the exponential distribution. Since the average call comes in 2 minutes. That's the average. This means that λ=1/2. So the exponential distribution is p(x) = .5e-.5x and the CDF = 1 - e-.5x
A) Because E(X) = 2 minutes, E(5X) = 5E(X) = 5•2 = 10 minutes.
B) Here we need to solve for x where CDF = 0.90.
1 - e-.5x = 0.9
e-.5x = 0.1
.5x = ln(10)
x = 2ln(10) ≈ 4.6052
This means that 90% of calls come within 4 minutes and 36.31 seconds.
C) Because each call is independent, the time to the next call is not affected by the previous time. This means we simply plug in x=1 into the CDF to find the probability of the call coming in within 1 minute.
P = 1-e-.5 ≈ 0.3935
So there's a 39.35% chance the next phone call comes within a minute.