Question
plz help me with this question, DON'T explain to me I want the direct answer , solve it Many retail stores offer their own credit
plz help me with this question, DON'T explain to me I want the direct answer , solve it
Many retail stores offer their own credit cards. At the time of the credit application, the customer is given a 10% discount on the purchase. The time required for the credit application process follows a uniform distribution with the times ranging from 4 minutes to 10 minutes.
(a) What is the mean time for the application process?
(b) What is the standard deviation of the process time?
(c) What is the likelihood a particular application will take less than 6 minutes?
(d) What is the likelihood an application will take more than 5 minutes?
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