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Where in the window
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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Hint
Given the count, arrival times behave like independent uniform points.
Solution
- Each update lands in the first minutes with probability , whatever the rate.
- The count there is , so the chance is .
Answer: