The number of minutes needed for the probability to reach 50 % , where between 12 : 00 PM and 1 : 00 PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes).The probability that a car will arrive within t minutes of 12 : 00 PM is F ( t ) = 1 − e − 0.1 t .
The number of minutes needed for the probability to reach 50 % , where between 12 : 00 PM and 1 : 00 PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes).The probability that a car will arrive within t minutes of 12 : 00 PM is F ( t ) = 1 − e − 0.1 t .
The number of minutes needed for the probability to reach 50% , where between 12:00PM and 1:00PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes).The probability that a car will arrive within t minutes of 12:00PM is F(t)=1−e−0.1t .
(a)
Expert Solution
Answer to Problem 121AYU
Solution:
Approximately, within 7minutes of 12:00 PM the probability reaches to 50%
Explanation of Solution
Given information:
Between 12:00PM and 1:00PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes).
The probability that a car will arrive within t minutes of 12:00PM is F(t)=1−e−0.1t
Here, probability is 50%
Thus, F(t)=50%
It gives 50%=1−e−0.1t
By simplifying,
⇒12=1−e−0.1t
Subtract 1 from both sides,
⇒12−1=1−e−0.1t−1
⇒−12=−e−0.1t
⇒12=e−0.1t
Taking natural log on both sides,
⇒ln(12)=ln(e−0.1t)
⇒ln(12)=−0.1t
⇒t=6.93147≈7
Therefore, approximately 7 minutes needed for the probability to reach 50%
(b)
To determine
The number of minutes needed for the probability to reach 80% , where between 12:00PM and 1:00PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes).The probability that a car will arrive within t minutes of 12:00PM is F(t)=1−e−0.1t .
(b)
Expert Solution
Answer to Problem 121AYU
Solution:
Approximately, within 16minutes of 12:00 PM probability reaches to 80%
Explanation of Solution
Given information:
Between 12:00PM and 1:00PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes)
The probability that a car will arrive within t minutes of 12:00PM is F(t)=1−e−0.1t
Here, probability is 80%
Thus, F(t)=80%
It gives 80%=1−e−0.1t
By simplifying,
810=1−e−0.1t
Subtract 1 from both sides,
⇒810−1=1−e−0.1t−1
⇒−210=−e−0.1t
⇒15=e−0.1t
Taking natural log on both sides,
⇒ln(15)=ln(e−0.1t)
⇒ln(15)=−0.1t
⇒t=16.09437≈16
Therefore, approximately 16 minutes needed for the probability to reach 80%
(c)
To determine
Whether the probability equals 100% or not, where between 12:00PM and 1:00PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes).The probability that a car will arrive within t minutes of 12:00PM is F(t)=1−e−0.1t
(c)
Expert Solution
Answer to Problem 121AYU
Solution:
The probability equals 100% is not possible.
Explanation of Solution
Given information:
Between 12:00PM and 1:00PM , cars arrive at Citibank’s drive thru at the rate of 6 cars per hour( 0.1 car per minutes).
The probability that a car will arrive within t minutes of 12:00PM is F(t)=1−e−0.1t
If the probability is 100%
Thus, F(t)=100%
It gives, 100%=1−e−0.1t
By simplifying,
1=1−e−0.1t
Subtract 1 from both sides,
⇒1−1=1−e−0.1t−1
⇒0=−e−0.1t
⇒e−0.1t=0 , it has no solution.
Since the exponential is never zero
Thus, there does not exist t for which the probability is 100%
Therefore, the probability equals 100% is not possible.
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