Random variable having a lognormal distribution

Reference no: EM13103233

The length of time for one individual to be served at a cafeteria is a random variable having a lognormal distribution with a mean of 10 minutes and standard deviation of 2 minutes. What is the probability that a person will be served in less than 9 minutes on at least 3 of the next 7 days?

Reference no: EM13103233

Questions Cloud

Determining quantitative analysis for management : Jim Sellers is thinking about producing a new type of electric razor for men. If the market were favorable, he would get a return of $100,000, but if the market for this new type of razor were unfavorable

What is the pressure at the bottom of a swimming pool : What is the pressure at the bottom of a swimming pool which is 12ft deep and contains fresh water.

Explain- on enterprise level management : Explain- On Enterprise Level Management- Does the question what responsibilities do we have to society at large counting the world?' actually make a difference in a company's competitiveness? Describe.

How long does it take this force to accelerate : A merry go round at a children's playground can be approximated as a uniform circular disc with a diameter of 3.72 m and a mass of 288 kg. A constant force of 178 N is applied perpendicular to the outer edge of the merrygoround. How long does it t..

Random variable having a lognormal distribution : The length of time for one individual to be served at a cafeteria is a random variable having a lognormal distribution with a mean of 10 minutes and standard deviation of 2 minutes.

Would the market reaction to the barron article : Do you think the company's poor disclosure prior to 1983 made it vulnerable to the attack by Barron's? Would the market reaction to the Barron's article have been different if the company had a better disclosure policy?

Describe how gazettier fluenced methods in human geography : In short explain the following traditions in human geography and describe how they have influenced the methods in human geography.

Probability-pedestrian deaths and intoxication : if one of the pedestrians death is randomly selected what is the probability that it involves an intoxicated pedestrian and an intoxicated driver?

Explain what is ikea''s strategy toward its suppliers : Explain what is IKEA's strategy toward its suppliers? How important is this strategy to IKEA's success?

User Account

All Pages