The grade scored by Mehmet in a course is normally distributed with a mean of 50 and standard deviation of 4. a) If the probability that Mehmet will pass from this course is 0.8413, what is the passing grade? (Note that to pass from a score, a student should score a grade which is higher than the passing grade.) b) The grade scored by another student from the same course is again normally distributed with a mean of 56 and standard deviation of 3. Find the probability that this student will score higher grade than Mehmet.

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The grade scored by Mehmet in a course is normally distributed with a mean of 50 and standard
deviation of 4.
a) If the probability that Mehmet will pass from this course is 0.8413, what is the passing grade? (Note
that to pass from a score, a student should score a grade which is higher than the passing grade.)
b) The grade scored by another student from the same course is again normally distributed with a mean
of 56 and standard deviation of 3. Find the probability that this student will score higher grade than
Mehmet.

A parent has their child in daycare twice a week. Being busy people they are often a few minutes late
to pick her up. The daycare has a strict policy that parents need to be on time. They enforce this by
charging 1 dollar per minute for tardiness (late arrival). Suppose that each day the amount of time in
minutes that they are late follows an exponential distribution with mean 5.
a) Find the probability that they will pay more that 6 dollars in late fees in a given day.
b) Assume that in their busy period, they are always at least 4 minutes late. Find the probability that
they will pay more that 6 dollars in late fees in a given day of busy period. (Hint: Calculate the
probability that they will be late more than 6 minutes given that they are late more than 4 minutes.
c) The late fees were no effective in getting this parent to arrive on time, so the daycare change the rate
to X? + X dollars for X minutes of tardiness. On average, how much will they pay in late fees each
normal day. (Hint: You may use mean and variance of exponential distribution, and properties of
expectation to obtain E[X² + X] .)
Transcribed Image Text:A parent has their child in daycare twice a week. Being busy people they are often a few minutes late to pick her up. The daycare has a strict policy that parents need to be on time. They enforce this by charging 1 dollar per minute for tardiness (late arrival). Suppose that each day the amount of time in minutes that they are late follows an exponential distribution with mean 5. a) Find the probability that they will pay more that 6 dollars in late fees in a given day. b) Assume that in their busy period, they are always at least 4 minutes late. Find the probability that they will pay more that 6 dollars in late fees in a given day of busy period. (Hint: Calculate the probability that they will be late more than 6 minutes given that they are late more than 4 minutes. c) The late fees were no effective in getting this parent to arrive on time, so the daycare change the rate to X? + X dollars for X minutes of tardiness. On average, how much will they pay in late fees each normal day. (Hint: You may use mean and variance of exponential distribution, and properties of expectation to obtain E[X² + X] .)
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