QUESTION 2

1. A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. From conversations with her realtor, the executive believes the price she will get by leaving the house on the market for another month is uniformly distributed between $203,000 and $239,000.
2. If she leaves the house on the market for another month, what is the probability that she will get less than $222,000?

5 points

QUESTION 3

1. A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. From conversations with her realtor, the executive believes the price she will get by leaving the house on the market for another month is uniformly distributed between $209,000 and $239,000.
2. If she leaves the house on the market for another month, what will be the standard deviation of the price she will get?

5 points

QUESTION 4

1. A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. From conversations with her realtor, the executive believes the price she will get by leaving the house on the market for another month is uniformly distributed between $208,000 and $233,000.
2. If she leaves the house on the market for another month, what is the probability that she will get more than $224,000?

QUESTION 5 A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. From conversations with her realtor, the executive believes the price she will get by leaving the house on the market for another month is uniformly distributed between $208,000 and $233,000. If she leaves the house on the market for another month, what is the probability that she will get exactly $224,000? 5 points

QUESTION 6 The time (in minutes) between telephone calls at an insurance claims office has the following exponential distribution. f(x)=0.6e-0.6x, for x greater or equal than 0 What is the mean time (in minutes) between telephone calls? 5 points

QUESTION 7 The time (in minutes) between telephone calls at an insurance claims office has the following exponential distribution. f(x)=0.33e-0.33x, for x greater or equal than 0 What is the probability of having 49 seconds or less between telephone calls? 5 points

QUESTION 8 The time (in minutes) between telephone calls at an insurance claims office has the following exponential distribution. f(x)=0.52e-0.52x, for x greater or equal than 0 What is the probability of having 41 seconds or more between telephone calls?