53. The average travel time to work for New York City residents is 36.5 minutes (Time Almanac,...

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53. The average travel time to work for New York City residents is 36.5 minutes (Time Almanac, 2001).

a. Assume the exponential probability distribution is applicable and show the probability density function for the travel time to work for a typical New Yorker.

b. What is the probability it will take a typical New Yorker between 20 and 40 minutes to travel to work?

c. What is the probability it will take a typical New Yorker more than 40 minutes to travel to work?

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Essentials Of Statistics For Business And Economics

ISBN: 9780324568608

5th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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