Suppose occurrences of sales on a small company's website are well modeled by a Poisson model with λ = 7/hour.
Complete parts a and b below.
a) If a sale just occurred, what is the expected waiting time until the next sale?
The expected waiting time is one seventh1/7 hour.
(Type an integer or a fraction.)
b) What is the probability that the next sale will happen in the next 10 minutes?
The probability is?