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0.0067

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What is the probability that no orders are received within a 15-minute period?

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Joe Ferris is a stock trader on the floor of the New York Stock Exchange for the firm of Smith, Jones, Johnson, and Thomas, Inc. Stock transactions arrive at a mean rate of 20 transactions per hour. Each order received by Joe requires an average of two minutes to process.

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The question is about arrival rate distribution and it asks the probability when x=0 .

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Work your way through the MM2

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