Kitri and Basilio have managed to flee from the hands of Lorenzo and Gamache and arrived at Port de Barcelona. They are now waiting for a ship to pick them up. As a frequent seafarer and an amateur statistician, Basilio knows that the late time of ships arriving at Port de Barcelona follows an exponential distribution with an unknown parameter . From his observations, ships never arrive early, but the probability that a ship arrives within the first 15 minutes after scheduled time is - quite likely for a busy port.
Unfortunately, Kitri and Basilio have been waiting for their ship for an hour. The impulsive Basilio is growing impatient - he is not hopeful that their ship will arrive within the next 15 minutes. The clever Kitri, on the other hand, remains calm. Given that they have been waiting for , Kitri quickly finds that are they going to wait an with probability .
What is , rounded to the nearest integer?
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This is a straightforward application of the memoryless property of the exponential distribution, with s = 1 5 and t = 6 0 .
P = P ( T > t + s ∣ T > t ) = P ( T > s ) = 1 − P ( T ≤ s ) = 1 − 0 . 9 = 0 . 1 . The answer we seek is 1 0 0 P = 1 0 0 × 0 . 1 = 1 0 .
Note that P is independent of t , how long they have waited for.