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Mathematics, 10.03.2020 00:58 fdelacruz19
Suppose that wait times for customers at a grocery store cashier line are uniformly distributed between one minute and twelve minutes.
a. What are the mean and variance of the waiting time?
b. What is the probability that a customer waits less than seven minutes?
c. What is the probability that a customer waits between four and twenty minutes?
d. Suppose that a customer who waits k minutes in line receives a coupon worth a 0.2 k^(1/4) dollar discount on a future visit. What is the mean of the coupon value for a customer?
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Suppose that wait times for customers at a grocery store cashier line are uniformly distributed betw...
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