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ProbabilityMedium

Quote updates follow a Poisson process with a constant rate. You are told that exactly updates arrived in a -minute window. What is the probability that exactly of them arrived in its first minutes? Give a fraction in lowest terms.

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A whole number, a decimal, a fraction like 3/8 or a percent.

Hint

Given the count, arrival times behave like independent uniform points.

Solution
  1. Each update lands in the first minutes with probability , whatever the rate.
  2. The count there is , so the chance is .

Answer: