The time it takes to get a cars oil changed at Speedy Lube is distributed normally with
Question:
The time it takes to get a car’s oil changed at Speedy Lube is distributed normally with a mean of 12 min and a standard deviation of 2 min. Compute the probability that a customer will have her or his oil changed:
(a) In less than 9 min
(b) In between 9 and 15 min
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
The probability of an event in a normal distribution is calculated by converting our raw score into ...View the full answer
Answered By
Srinivasulu Komarashetty
Regarding my Education Qualification, I have completed my M.Com (Advance Cost Accounting & Cost System), with First-Class and Post Graduation Diploma in Financial Management with "B" Grade. Around 6 years of teaching experience in different colleges for B.Com, BBA, BCA, M.Com and MBA students. Apart from that, I'm taking classes in Private Institutions. I basically deal with Accounting, Costing and Taxation subjects. I teach practical problems with proper basic explanation with necessary working notes, where students can understand properly how to solve the practical problems.
Apart from this, I have 2.6 years of Industrial Experiences also. Due to this, I understand how difficult it is to convert the bookish knowledge into professional work. So my teaching helps the students to understand the real professional work.
0.00
0 Reviews
10+ Question Solved
Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
Question Posted:
Students also viewed these Business questions
-
A middle school VRC team in a region with 3 allocated spots is invited to the World Championship. What happens if that team does not register by the deadline?
-
Q1. How worried are clients and stakeholders in day-to- day product improvement? 2. the industrial corporation Case for Agility "The struggle is not always to the most powerful, nor the race to the...
-
The time it takes to give a man a shampoo and haircut is normally distributed with mean 22 minutes and standard deviation 3 minutes. Customers are scheduled every 30 minutes. (a) What is the...
-
Should common costs be allocated?
-
What is a neural network? Describe two applications of neural networks.
-
LO5 Explain the difference in the tax treatment of business and nonbusiness bad debts.
-
Assessing the Choices in Declaring Personal Bankruptcy. What factors would you consider in assessing the choices in declaring personal bankruptcy? Why should personal bankruptcy be the choice of last...
-
Community Bank would like to increase the number of customers who use payroll direct deposit. Management is considering a new sales campaign that will require each branch manager to call each...
-
Please Use 2020 Form 1040, Schedule 1, Schedule 2, Schedule A, Schedule B, Schedule C, Schedule SE, Form 8995, Form 4562 Janice Morgan, age 24, is single and has no dependents. She is a freelance...
-
A quality control manager has determined that the number of defective light bulbs in a case of 1,000 follows a normal distribution with a mean of 10 and a standard deviation of 3. Compute the...
-
The time a customer waits for service at a bank is distributed normally with a mean of 4 min and a standard deviation of 1 min. Compute the probability that a customer must wait for: (a) More than 10...
-
On July 1, 2001, Amoco Imperial Company issued $2,000,000 face value, 12%, 10-year bonds at $2,249,245. This price resulted in a 10% effective-interest rate on the bonds. Amoco Imperial uses the...
-
The air in an automobile tire with a volume of \(0.015 \mathrm{~m}^{3}\) is at \(30^{\circ} \mathrm{C}\) and \(140 \mathrm{kPa}\) (gage). Determine the amount of air that must be added to raise the...
-
Convex Productions has just received a contract to film a commercial video that will air during a major sporting event in North America, and then be available on-demand through banner advertisements...
-
The following data (and annotations) for March 2016 are for the work in process account of the first of Olympus Companys four departments used in manufacturing its nly product. Assuming that Olympus...
-
If relative volatility can be assumed constant over the change in concentration for each fraction, Eq. \((9-13)\) can be adapted to the collection of fractions from a simple binary batch...
-
(a) Design a PI controller for Problem 8.6-4(b). (b) Design a PD controller for Problem 8.6-4(c). (c) Use the results of parts (a) and (b) to repeat Problem 8.6-4(d). Problem 8.6-4(b) (c) (d) (b)...
-
Consider the P, PI, and modified I control systems discussed in Examples 10.6.2, 10.6.3, and 10.6.4. The plant transfer function is 1/(Is + c), where I = 10 and c = 3. Investigate the performance of...
-
What is the shape of the exponential distribution?
-
Consider an experiment in which two smartphones are randomly selected from an assembly line during manufacturing. The defective statusdefective (D) or not (N)of each is determined. The sample points...
-
An experiment results in one of the following sample points: E 1 , E 2 , E 3 , or E 4 . Find P(E 4 ) for each of the following cases. a. P(E) = .1, P(E) .2, and P(E3) b. P(E)=P(E) = P(E3) = P(E4) c....
-
The American Bankruptcy Institute and the National Bankruptcy Research Center monitor the number of business bankruptcy filings each quarter. The table below lists the number of business bankruptcy...
-
The star Mira is 1.2 times the mass of the Sun and about 10,000 times more luminous than the Sun. Would Mira fit into the table above? Why or why not?
-
Which of the following was one of the most valuable benefits a company received as a sponsor of NHL games?
-
Cinder Inc. is a Canadian-controlled private corporation based in your province. The company operates a wholesale business. The following information is provided for its year ended May 31, 2023: Net...
Study smarter with the SolutionInn App