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Approximate the probability that the average shipping time

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Reference no: EM132854701

Delivery times for shipments from a central warehouse are exponentially distributed with a mean of 2.74 days (note that times are measured continuously, not just in number of days). A random sample of 75 shipments are selected and their shipping times are observed.

Approximate the probability that the average shipping time is less than 2.11 days.

Reference no: EM132854701

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