What is the probability that the preparation time will be

Assignment Help Econometrics
Reference no: EM133401403

Questions: The time required to make a certain specialty coffee at a local coffee shop is uniformly distributed between 40 and 80 seconds. Assuming a customer just ordered one of these specialty? coffees, determine the probabilities described below.

a. What is the probability that the preparation time will be more than 54 ?seconds? (simplify your answer)

b. What is the probability that the preparation time will be between 52 and 61 ?seconds? (simplify your answer)

c. What percentage of these specialty coffees will be prepared within 72 ?seconds? (simplify your answer

d. What is the standard deviation of preparation times for this specialty coffee at this? shop? (Round to four decimal places as needed)

 

Reference no: EM133401403

Questions Cloud

Analyze the implications of international trade in a bolivia : Analyze the implications of International Trade in a bolivia. How much integration does the country engage in International Trade? What do countries trade
Evidence-based information in concise speech : What do you think is the major points they should hear, give them balanced, evidence-based information in a concise speech.
What inspired you to begin a career in ece : Provides an introduction (i,e. your name, current role in ECE or other industry, years of experience working with children and families) and explains your views
What do you think can pass the virn check : what do you think can pass the VIRN check? See the content in Chapter 4 for VIRN (or VIRO) check. Those that can pass the check will be the core competencies
What is the probability that the preparation time will be : What is the probability that the preparation time will be more than 54 ?seconds? (simplify your answer) What is the probability that the preparation time
How does that greater consumption of a good affects : What law of utility does this relate to? Give an example of the application of this law in your daily life. The example should explain how the law applies
What do you know must have happened to ?? : how much does Y change by? If the share of Labour in output has increased in equilibrium, what do you know must have happened to ???
Motor vehicle accident involving three vehicles : An 84-year-old woman, Ms. K, was a single occupant in a motor vehicle accident involving three vehicles.
Explain the patellar reflex : Explain the patellar reflex using the following terms; exteroceptor, mechanoreceptor, sensory nerve, interneuron, motorneuron, neuromuscular junction

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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