Question
1a ) Suppose the time to process a loan application follows a uniform distribution over the range 66 to 1414 days. What is the probability
1a ) Suppose the time to process a loan application follows a uniform distribution over the range 66 to 1414 days. What is the probability that a randomly selected loan application takes longer than 1010 days to process?
1b) ) A manager of an apartment store reports that the time of a customer on the second floor must wait for the elevator has a uniform distribution ranging from 11 to 44 minutes. If it takes the elevator 1515 seconds to go from floor to floor, find the probability that a hurried customer can reach the first floor in less than 2.252.25 minutes after pushing the elevator button on the second floor.
1c) Healty people have body temperatures that are normally distributed with a mean of 98.20F98.20F and a standard deviation of 0.62F0.62F . (a) If a healthy person is randomly selected, what is the probability that he or she has a temperature above 98.6F98.6F? answer: (b) A hospital wants to select a minimum temperature for requiring further medical tests. What should that temperature be, if we want only 2.5 % of healty people to exceed it? answer:
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