Ask Question
15 April, 15:52

The amount of time that a drive-through bank teller spends on a customer is a random variable with a mean µ = 3.2 minutes and a standard deviation σ = 1.6 minutes. if a random sample of 64 customers is observed, find the probability that their mean time at the teller's window is:

a. at most 2.7 minutes.

b. more than 3.5 minutes.

c. at least 3.2 minutes but less than 3.4 minutes

+5
Answers (1)
  1. 15 April, 19:43
    0
    The general approach to answering this item is to determine first the z-score of the given data and convert the z-scores to percentile. The equation for z-score determination is,

    z-score = (X - μ) / σ

    where X is the data, μ is the mean or average, and σ is the standard deviation.

    (A) at most 2.7 minutes

    z-score = (2.7 - 3.2) / 1.6 = - 0.3125

    This is equivalent to 37.73%

    (B) more than 3.5 minutes

    z-score = (3.5 - 3.2) / 1.6 = 0.1875

    This is equivalent to 57.44%. We are asked for more than so we take,

    100 - 57.44% = 42.56%

    (C) z-score of 3.2 minutes

    z-score = (3.2 - 3.2) / 1.6 = 0

    This is equivalent to 50%.

    z-score of 3.4 minutes

    z-score = (3.4 - 3.2) / 1.6 = 0.125

    This is equivalent to 54.97%

    The difference of the two percentiles is 4.97%.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The amount of time that a drive-through bank teller spends on a customer is a random variable with a mean µ = 3.2 minutes and a standard ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers