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Pharmacies continually monitor their prescription filling process. A local pharmacy has noted that the time to fill a prescription for a generic antibiotic is normally distributed, with a mean of 13.3 minutes and a standard deviation of 2.8 minutes.
a. Find the probability that a prescription for a generic antibiotic takes at least 10 minutes to fill.
b. Find the probability that the prescription for a generic antibiotic takes between 12 and 15 minutes to fill.
c. The slowest 20% of prescriptions fills result in a special discount to the customer. How long must a prescription fill for a generic antibiotic take in order to qualify for this discount?
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In a binomial distribution n = 8 and π = 0.2. Determine the probabilities of the following events.
What is the probability that the project will be completed in 17 months or less?
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What can one conclude about the librarian's hypothesis at a level of significance of .05?
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Farley purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Farley receive during November?
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How many individuals will it need to sample to achieve this level of accuracy and confidence?
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