Assume the time required to pass through security at a particular airport follows the continuous uniform distribution

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Assume the time required to pass through security at a particular airport follows the continuous uniform distribution with a minimum time of 5 minutes and maximum time of 30 minutes.

a. Calculate the value of f(x).

b. What are the mean and standard deviation for this distribution?

c. What is the probability that the next passenger will require less than 25 minutes to pass through security?

d. What is the probability that the next passenger will require more than 20 minutes to pass through security?

e. What is the probability that the next passenger will require between 8 and 15 minutes to pass through security?

f. What time represents the 75th percentile of this distribution?
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...
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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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