Typical: the ordinary
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No it is not. It can be a noun (an act or skit) or an adjective (meaning usual, normal, or typical).
That you have an exponential function. These functions are typical for certain practical problems, such as population growth, or radioactive decay (with a negative exponent in this case).
It means that, on average, the service is available for 99.5 percent of the time. Thus, in a typical 24-hour period, it should be available for approx 23 hours 53 minutes. In a typical hour, it should be available for all but 18 minutes.
There is no typical number.
The typical can of pop is 355 ml.