User Account

All Pages

What is the probability of a wait

Assignment Help Business Management
Reference no: EM131226106

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.

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

Reference no: EM131226106

Questions Cloud

Find the probability that the daily output will exceed : 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. Find the probability that..
Develop a matrix using the formula as part of your example : You explain to your staff that they will be responsible to calculate the annual loss expectancy (ALE) of assigned risks. Your staff looks at you bewildered, so you need to explain the formula to them and how to use it.
Prepare scott tracys 2016 income tax return : Apply technical and technological skills appropriate and effective for real world business purposes and contexts - effective collaboration across diverse purposes and contexts.
Impact of ecb response to greece crisis : How did the debt repayment problems in Greece affect creditors from other countries in Europe? -  How did the ECB's stimulative monetary policy affect the Greek crisis?
What is the probability of a wait : 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.
Did being a male make life harder : Natalie wonders why her brother has turned out so different. Of course, they all had the same childhood, and their father was an abusive alcoholic. But all the more reason, she thought, her brothers would choose a different path. She wondered if t..
Effectiveness of monetary policy : Effectiveness of Monetary Policy : - What circumstances might cause a stimulative monetary policy to be ineffective?
Costs of doing business in that country : Why the culture of a country might influence the costs of doing business in that country? Illustrate you answer with examples.
Discuss the most innovative idea you can dream up : discuss the single most important lesson any entrepreneur should apply in order to be successful. Explain your rationale.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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