The time required for Speedy Lube to complete an oil change service on an automobile approximately follows a normal distribution, with a mean of 17 minutes and a standard deviation of 2.5 minutes.
(a) Speedy Lube guarantees customers that the service will take no longer than 20 minutes. If it does take longer, the customer will receive the service for half-price. What percent of customers receive the service for half price?
(b) If Speedy Lube does not want to give the discount to more than 3% of its customers, how long should it make the guaranteed time limit?

  • CreatedApril 27, 2015
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