Suppose there is an event that happens with a probability of y in x interval of time, what would be the probability of it happening in x/2 interval of time? Would that be y/2 or is there something more to be considered?
To be a bit more specific, why do use exponential probability in this case:
The probability of a car passing a certain intersection in a 20 minute windows is 0.9. What is the probability of a car passing the intersection in a 5 minute window? (Assuming a constant probability throughout)
The answer is computed using the logic that the probability of a car not passing in 20 mts = (probability of a car not passing in 5 mts)^4. While that makes logical sense why is it exponentiation and not something as directly as (probability of car passing in 20 mts/4)? I find the latter more intuitive.
I believe there is something fundamental that I am missing here. Am I assuming that the probability curve is |_|_|_| where the bar indicates the exact time a car passes by as opposed to ----- where the probability is just uniform i.e no time instance has any significant edge over the other?