The probability of waiting more than seven minutes given a person has waited more than four minutes

Question:

The probability of waiting more than seven minutes given a person has waited more than four minutes is?

a. 0.125

b. 0.25

c. 0.5

d. 0.75 The Sky Train from the terminal to the rental–car and long–term parking center is supposed to arrive every eight minutes. The waiting times for the train are known to follow a uniform distribution.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introductory Business Statistics

ISBN: 202318

1st Edition

Authors: Alexander Holmes , Barbara Illowsky , Susan Dean

See More Books

Question Posted: May 10, 2024 02:00 PM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Required 1. Evaluate Zipcar based on benefit-based positioning. Required 2. Compare Zipcar's positioning based on benefits to Zipcar's positioning based on beliefs and values. Which is stronger?...
Read the article below and answer the questions posed, the compose response should be two to three pages in length. 1. What are 2 major planning failures pre-event at Memorial that led to it becoming...
What is the output of the following application? A. Painting: 00FF00 B. One line of code does not compile. C. Two lines of code do not compile. D. Three lines of code do not compile. E. The code...
Express this product in units of km3 with the appropriate number of significant figures: (3.2 km) (4.0 m) (13 103 mm).
Consider a municipal water treatment plant for a small community (Fig. P1.1). Waste water, 32,000 m 3 /day, flows through the treatment plant with a mean residence time of 8 hr, air is bubbled...
For a population with a standard deviation of s 5 14, a score of X 5 24 corresponds to z 5 20.50. What is the population mean?
Holanna Company reported the following balances related to common stock as of December 31, 2010: Common stock, $1 par, 200,000 shares issued and outstanding . . . . . . . . . . $ 200,000 Paid-in...
The following items appear on the balance sheet of a company with a one-year operating cycle. Identify the proper classification of each item as follows: C if it is a current liability, L if it is a...
The time (in minutes) until the next bus departs a major bus depot follows a distribution with f(x) = 1/20 where x goes from 25 to 45 minutes. a. Define the random variable. X = ________ b. Graph the...
What is the average waiting time (in minutes)? a. zero b. two c. three d. four The Sky Train from the terminal to the rentalcar and longterm parking center is supposed to arrive every eight minutes....
In 2012, Francois Landry, resident of Louisiana, funded the Landry Trust. The trust instrument stated that the beneficiaries of the trust shall be all the children of Claudette Landry Mercier, who is...
Give a brief explanation about the organization/company i.e., the products or services, number of employees, etc. Do a SWOT chart to help organize your ideas. Refer to resources in the reading for an...
How are organization "formal" and "informal" structures impacted in organizational change? Provide some examples. Compare and contrast Lewin's Change Model with Kotter's Change model. (Show how they...
Use as many directional terms as possible to describe therelationshipbetween: a. the antecubital region and the poplitealregion b. the acromial region and the mentalregion c. the gluteal region and...
Average rate of return-cost savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $114,000 with a $10,000 residual value...
Alan was rated as excellent on his individual work performance evaluation, earning him $2,000, provided as a merit pay increase. His annual salary this year is $48,000. He works in a team of 3...
Aaron Hersch is a real estate developer who specializes in residential apartments. A complex of 20 run-down apartments has recently come on the market for $332,500. Hersch predicts that after...
Citing a scientific article, explain in your own words, how DNA fingerprinting has been used in forensic science to solve crimes and why it may not always be accurate or effective.
A stock is trading at $100. It's price will either be $200 or $50 in 1 week. If the 1-week risk-free interest rate is 5%, what is the premium of a call with exercise price of $150?
Suppose that Modigliani-Miller (MM) propositions with tax hold. As a CEO of QUT Corporation, you have to choose the firm's capital structure that maximizes the firm value. (a) What is the optimal...
Lux Hotel Co. (the Company) is a private company that operates luxury hotel properties. It was noted that the company is head quartered in Dubai, and its main hotel is operated on the Palm Island in...

The probability of waiting more than seven minutes given a person has waited more than four minutes

Question:

Step by Step Answer:

Introductory Business Statistics

Students also viewed these Business questions