Distribution of trip times


A lawyer commutes daily from his suburban home to his midtown office. The average time for a one-way trip is 24 minutes, with a standard deviation of 3.8 minutes. Assume the distribution of trip times to be normally distributed.

(a) What is the probability that a trip will take at least 1/2 hour?

(b) If the office opens at 9:00 A.M. and he leaves his house at 8:45 A.M. daily, what percentage of the time is he late for work?

(c) If he leaves the house at 8:35 A.M. and coffee is served at the office from 8:50 A.M. until 9:00 A.M., what is the probability that he misses coffee?

(d) Find the length of time above which we find the slowest 15% of the trips.

(e) Find the probability that 2 of the next 3 trips will take at least 1/2 hour.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Distribution of trip times
Reference No:- TGS0681697

Now Priced at $5 (50% Discount)

Recommended (95%)

Rated (4.7/5)