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Question: According to the Federal Bureau of Investigation, there is a violent crime in the U.S. every 22 seconds (ABC News, September 25, 2007). Assume that the time between violent crimes is exponentially distributed.

a. What is the probability that there is a violent crime in the U.S. in the next one minute?

b. If there has not been a violent crime in the previous minute, what is the probability that there will be a violent crime in the subsequent minute?

Management Theories, Management Studies

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