7. The duration of residence for households is found to be exponentially distributed with A = 0.21. What is the probability that a family is in their house for more than eight years? Between five and...

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7. The duration of residence for households is found to be exponentially distributed<br>with A = 0.21. What is the probability that a family is in their house for more than<br>eight years? Between five and eight years? What is the probability of a move<br>during the next year, given that they have been in the house for five years? What<br>is the probability of a move during the next year, given that they have been in the<br>house for eight years?<br>

Extracted text: 7. The duration of residence for households is found to be exponentially distributed with A = 0.21. What is the probability that a family is in their house for more than eight years? Between five and eight years? What is the probability of a move during the next year, given that they have been in the house for five years? What is the probability of a move during the next year, given that they have been in the house for eight years?

Jun 08, 2022

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7. The duration of residence for households is found to be exponentially distributed with A = 0.21. What is the probability that a family is in their house for more than eight years? Between five and...

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