User Account

All Pages

Expected waiting time and variance of waiting times

Assignment Help Business Management
Reference no: EM131229610

Buses run every 15 minutes along a certain route during rush hour. The time that a person would have to wait at a bus stop is uniformly distributed between 0 and 15 minutes.

  • What is the probability that this person has to wait between 5 and 10 minutes for the next bus?
  • What is the probability of a wait of at least 12 minutes?
  • Determine the expected waiting time and variance of waiting times.

Reference no: EM131229610

Questions Cloud

Explain the purpose of this assessment tool : Explain the purpose of this assessment tool, the reliability and validity, what developmental domains it assesses, and what agencies use this assessment in the early childhood settings.
How feature called relationship map help you in troubleshoot : Answer question below based on the Demo. Only used the link to answer the question, 1-2 paragraphs. Explain how the feature called the Relationship Map help you in troubleshooting issues within the purchasing cycle.
What is the quad representation of the decimal number 42 : We have represented numbers in base-2 (binary) and in base-16 (hex). We are now ready for unsigned base-4, which we will call quad numbers. A quad digit can be 0, 1, 2, or 3.
Find the probability that the daily output : The daily output of a production line varies according to a normal distribution with a mean (µ ) of 163 units and a standard deviation (σ ) of 3.5. Find the probability that the daily output will fall below 160 units.
Expected waiting time and variance of waiting times : What is the probability that this person has to wait between 5 and 10 minutes for the next bus? What is the probability of a wait of at least 12 minutes? Determine the expected waiting time and variance of waiting times.
Which of the following categories of contracts : The doctor examines him, prescribes medication, and gives him a bill for medical services. This agreement falls into which of the following categories of contracts?
How they will help you meet your professional goals : Summarizing so much personal information on paper is not easy, but it's important. Many employers complain that in interviews and job applications, students do not seem to know how to articulate the skills and strengths that they bring to the job.
Develop an initial budget for your plan : • Develop an initial budget for your plan. Prepare a pie chart showing the dollars/percentages budgeted for each included marketing activity for the first year. Provide justification for your choices.
Describe your change story and the one selected : Describe your change story and the one selected below. Discuss the common issues and lessons present in both stories. Describe how you might use the lessons as a solutions template during future change strategies.

Reviews

Write a Review

Business Management Questions & Answers

  Management recruiter

You are the recruiter for a position of vice president of sales for a company that sells high apparel on the east coast.

  Discuss the strategic plan

Discuss the strategic plan

  Ready made new product concepts is

A good outside source of "Ready Made New Product Concepts" is

  Explain how much cash does a company have

Explain How much cash does a company have if the firm has a current ratio of 2.5, a quick ratio of 1.2, and current liabilities of $12,000?

  What are the strengths and weaknesses of each technology

Identify two pieces of technology that you believe are essential to you accomplishing your chosen strategic management goal.

  Rationale and challenges related to sourcing

Describe the supply chain necessary for a tailgate for 20 friends before a big game. Discuss the rationale and challenges related to sourcing from low-cost countries.

  Discuss the issues related to motivation

Contact your local police chief or sheriff and discuss with them the issues related to motivation in their organization. What do these leaders do to increase and maintain acceptable levels of motivation among their team members?

  Explain why understanding technology in the area of security

Explain why understanding technology, especially in the areas of security and ethics, is important for a CEO

  Ethics and supply management

Distinguish between ethical and legal principles and practices and describe your concept of ethical behavior as it relates to purchasing and supply management function.

  Define trade policies in your specific international market

Determine the implications of the trade policies on consumers. Do these policies hinder the consumer's purchasing power within the specific international market? Why?

  Determining the expected dividend

Ryde suppliers has its share currently selling at $63.25. The company is expected to grow at a constant rate of 7 percent. If the appropriate discount rate is 7 percent, what is the expected dividend, a year from now? show working out.

  Determines the supply of goods and services

The classical model, what determines the supply of goods and services? What underlyingassumptions lead to GDP being constant at its full-employmentvalue? What is meant by the term constant returns to scale?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd