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

  Explaining contemporary social problem

Summarize your views on how a specific contemporary social problem is having an impact on your workplace or on workplaces known to you.

  Explain how should textual information be formatted

Explain how should textual information be formatted on a help screen? Illustrate what type of labelling can you use in a table or list to improve its usability?

  Designs focus on maximising revenue and contribution

The layout in a supermarket can have a major impact on its profitability. Layout designs focus on maximising the revenue and contribution per square meter, as well as minimising the operating costs of supermarkets. In addition,customer orientated ..

  What are the relationships among affect emotions moods

what are the relationships among affect emotions moods attitudes and values?briefly compare and contrast classical

  Expense of agricultural in california and washington

Should the United States protect the teamsters at the expense of agricultural in California and Washington?

  What types of writing and research does your current or futu

Effective communication skills, both written and verbal, are often cited as basic requirements for most career fields. What types of writing and research does your current or future career require? How important is accuracy in content, spelling, and ..

  Calculate the ta ratio for each of the given product

Calculate the profit per day if daily output achieved is 6,000 units of X, 4,500 units of Y and 1,200 units of Z. Calculate the TA ratio for each product.

  Describe concept of total quality management

Describe the concept of total quality management (TQM) and major TQM techniques, such as quality circles, benchmarking, Six Sigma principles, quality partnering, and continuous improvement.

  Growing diversity of human resources

Discuss the significance of the growing diversity of human resources. what challenges does this pose for management?

  Examining a business failure - washington mutual wamu-

examining a business failure - washington mutual wamu- washington mutual bank failure- describe how specific

  Determine the coefficient of determination

Compute the correct cofficient.- Determine the correlation coefficient -  Interpret these statistical measures.- Determine the coefficient of determination.

  Explain employment exit procedures used by two organisations

Explain the employment exit procedures used by two organisations and define exit procedures and compare the exit procedures of the two organisations.

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!

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