Suppose the patient director believes this procedure is too generous. He would like to set the time limit so that the likelihood of giving out the gift is at most only 5%. 2. What will be the required waiting time for any customer to receive a gift certificate?
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
I need step by step solution for these exercise with detailed information
The patient director of Health plus clinic has just conducted a study of customer waiting time before seeing a doctor. For the study, he randomly observed 1045 patients throughout one-week. Let assume that the waiting time has an approximately
-
What is the probability of having to pay off on this offer?
Suppose the patient director believes this procedure is too generous. He would like to set the time limit so that the likelihood of giving out the gift is at most only 5%.
2. What will be the required waiting time for any customer to receive a gift certificate?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
