A bank wishing to increase its customer base advertises that it has the fastest service and that…

A bank wishing to increase its customer base advertises that
it has the fastest service and that virtually all of its customers are served
in less than 10 minutes. A management scientist has studied the service times
and concluded that service times are exponentially distributed with a mean of 5
minutes. Determine what the bank means when it claims virtually all its
customers are served in less than 10 minutes.

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