Question: Need help solving this question 2. The scheduled commuting time on the Long Island Railroad from Glen Cove to New York City is 65 minutes.

Need help solving this question

2. The scheduled commuting time on the Long Island Railroad from Glen Cove to New York City is 65 minutes. Suppose that the actual commuting time is uniformly distributed between 64 and 74 minutes. (a) What is the probability that the commuting time will be less than 70 minutes? (b) What is the probability that the commuting time will be between 65 and 70 minutes? (c) What are the expected commuting time and the standard deviation of the commuting time? (d) How much can the expected commuting time be decreased if the actual commuting time is distributed between 60 and 74

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Can you solve these problem with out use integral can you to convert to normal standart diviation which one needed as well as use z table. thank you 1. According to Consumer Response Annual Report,...

The scheduled commuting time on the Long Island Railroad from Glen Cove to New York City is 65 minutes. Suppose that the actual commuting time is uniformly distributed between 64 and 74 minutes. (a)...

6.27 The scheduled commuting time on the Long Island Railroad from Glen Cove to New York City is 65 minutes. Suppose that the actual commuting time is uniformly distributed between 64 and 74 minutes....

[Uniform Distribution] The schedule commuting time of the Long Island Railroad from Glen Cove to New York City is 65 minutes. Suppose that the actual commuting time is uniformly distributed between...

TANGLEWOOD CASEBOOK for use with STAFFING ORGANIZATIONS 5th Ed. Kammeyer-Mueller 1 TANGLEWOOD CASEBOOK To accompany Staffing Organizations, fifth edition, 2006. Prepared by John Kammeyer-Mueller...

Case Analysis 1. Compute the yield to maturity of Land'o'Toys' bonds before the purchase announcement and use it to determine the likely current bond rating. (Compare YTM to the table on p. 269)....

Hello, i need help with question 6 of Part II: Additional Analysis of the CAFR (page 7 of the Case pdf) . I have uploaded the documents needed to answer this question. CITY OF PROVIDENCE, RHODE...

A closely wound solenoid 80 cm long has 5 layers of windings of 400 turns each. The diameter of the solenoid is 1.8 cm. If the current carried is 8.0 A, estimate the magnitude of B inside the...

How would you go about doing a literature review in the area of human values (about 3 paragraphs)

When using past accounting data to forecast future payouts, which metrics could be impacted by accrual or real earnings management? a . Forecasted sales growth c . Asset turnover b . Profit margins d...

Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Zeil Inc. for Decembe 11 of the current fiscal year: The net income was...