Assume that the time required to receive a confirmation that an electronic transfer has occurred is uniformly
Question:
Assume that the time required to receive a confirmation that an electronic transfer has occurred is uniformly distributed between 30 and 90 seconds.
a. What is the probability that a randomly selected transfer will take between 30 and 45 seconds?
b. What is the probability that a randomly selected transfer will take between 50 and 90 seconds?
c. What proportion of transfers will take between 40 and 75 seconds?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry
Question Posted: