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Chapter 5: Q.5.31 (page 348)
Use the following information to answer the next eight exercises. A distribution is given as .
Draw the graph of the distribution for .
the graph for required probability that isis,
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Suppose that the length of long distance phone calls, measured in minutes, is known to have an exponential distribution with the average length of a call equal to eight minutes.
a. Define the random variable.= ________________.
b. Is continuous or discrete?
c. ________
d. ________
e.________
f. Draw a graph of the probability distribution. Label the axes.
g. Find the probability that a phone call lasts less than nine minutes.
h. Find the probability that a phone call lasts more than nine minutes.
i. Find the probability that a phone call lasts between seven and nine minutes.
j. If phone calls are made one after another, on average, what would you expect the total to be? Why?
Use the following information to answer the next ten exercises. A customer service representative must spend different amounts of time with each customer to resolve various concerns. The amount of time spent with each customer can be modeled by the following distribution:
What is m? What does it represent?
Suppose that the value of a stock varies each day from with a uniform distribution.
a. Find the probability that the value of the stock is more than .
b. Find the probability that the value of the stock is between role="math" localid="1648188993020" .
c. Find the upper quartile - of all days the stock is above what value? Draw the graph.
d. Given that the stock is greater than , find the probability that the stock is more than .
The number of days ahead travelers purchase their airline tickets can be modeled by an exponential distribution with the average amount of time equal to 15 days. Find the probability that a traveler will purchase a ticket fewer than ten days in advance. How many days do half of all travelers wait?
For a continuous probability distribution, . What is ?
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