Delivery times for shipments from a central warehouse are exponentially distributed with a mean of 2.41 days (note that times are measured continuously, not just in number of days). A random sample of 71 shipments are selected and their shipping times are observed.
Approximate the probability that the average shipping time is less than 1.92 days.
Enter your answer as a number accurate to 4 decimal places.
Approximate the probability that the average shipping time is less than 1.92 days.
Enter your answer as a number accurate to 4 decimal places.