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The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore:
(a) What is the probability that a project will be finished in one and half years?
(b) What is the probability a project will take more than one year but less than two years?
(c) If company A works on projects nonstop, what is the probability that four projects will be finished in three years?
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