Exponential distribution is used to predict how long it will take for an event to occur in the future. For example: the time between two customers coming to a bank, the time until an equipment breaks down, or how long after the next Istanbul earthquake will occur. The average time between two phones coming to a workplace corresponds to an exponential distribution of 15 minutes. What is the probability that the first call will arrive within 5 to 8 minutes after the workplace opens on Monday morning? (Guidance: Investigate the relationship between the exponential distribution and the Poisson distribution.)
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