Suppose that the random variable x = waiting time for service at a bank (in minutes) has

Question:

Suppose that the random variable x = waiting time for service at a bank (in minutes) has the probability described by the density curve pictured below.

a. What probability is represented by the shaded area?
b. Suppose the shaded area = 0.26. Interpret this probability in the context of this problem.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...