i can't seem to find any good examples i can adapt to solve this problem.
a certain place experiences an earthquake once every 10 years.
what's the probability that there will be an earthquake within the next 5 years? 20 years? i have to use the exponential distribution.
i think i am supposed to look at this problem in terms of 1 year, so the probability that there will be an earthquake in any particular year is
$\mu = \frac{1}{10}$.
i also think this implies that the probability of an earthquake within the next five years is
$\mu = \frac{1}{20}$
because this period is half as long as the above one.
for 20 years, i think it's
$\mu = \frac{1}{5}$
because this period is twice as long as the first period.
am i right about all of this?
and to calculate the probability of an earthquake within these periods, would i just calculate a left tail probability using the cumulative exponential distribution?
thanks in advance for any insight.
Exponential distribution works.
$$P(X\leq 5)=1-e^{-\frac{5}{10}}=1-\frac{1}{\sqrt{e}}\approx 39.35\%$$
and so on...
poisson distribution properly set will work too
I suggest you to use Poisson to get the same result