Assume that the time required to receive a confirmation that an electronic transfer has occurred is uniformly
Question:
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?
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a P30 transfer time ...View the full answer
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Related Book For 
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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