probability based on Exponential distribution
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An infestation of a certain species of caterpillar called the spruce budworm can cause extensive damage to the timberlands of the northern United States. It is known that an outbreak of this type of infestation occurs, on the average, every 30 years.
Assuming that this phenomenon obeys an exponential probability law, what is the probability that catastrophic outbreaks of spruce budworm infestation will occur within six years of each other?
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Solution Summary
This solution provides a step by step method for computing probability based on exponential distribution.
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