Problem
The amount of time that a union stays on strike is judged to follow an exponential distribution with a mean of 10 days.
a. Find the probability that a strike lasts less than one day.
b. Find the probability that a strike lasts less than six days.
c. Find the probability that a strike lasts between six and seven days.
d. Find the conditional probability that a strike lasts less than seven days, given that it already has lasted six days. Compare your answer to part a.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.