Delivery times for shipments from a central warehouse are exponentially distributed with a mean of 2.36 days (note that times are measured continuously, not just in number of days). A random sample of 74 shipments are selected and their shipping times are observed.Approximate the probability that the average shipping time is less than 1.98 days.0.0833  Enter your answer as a number accurate to 4 decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
icon
Related questions
Question

Delivery times for shipments from a central warehouse are exponentially distributed with a mean of 2.36 days (note that times are measured continuously, not just in number of days). A random sample of 74 shipments are selected and their shipping times are observed.
Approximate the probability that the average shipping time is less than 1.98 days.
0.0833  Enter your answer as a number accurate to 4 decimal places.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning