A subway train arrives every eight minutes during rush hour. We are interested in the length of time a commuter must wait for a train to arrive. The time follows a uniform distribution. a. Define the random variable. X = _______ b. X ~ _______ c. Graph the probability distribution. d. f(x) = _______ e. μ = _______ f. σ = _______ g. Find the probability that the commuter waits less than one minute. h. Find the probability that the commuter waits between three and four minutes. i. Sixty percent of commuters wait more than how long for the train? State this in a probability question, similarly to parts g and h, draw the picture, and find the probabilit
All data has been provided below
As per basis of provided information , X is the time length commuter that wait for a train
Uniform distribution of random variable X is
c. The probability distribution is
So, the graph is
The calculation of part c is
The mean value is
The value of standard deviation
h. The calculation
i. The calculation of probability
The curve of the probability
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 .
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