A company has 10 trucks. A truck has 15 pallets. A pallet has 7 boxes. A box has 50 containers. A container has 3 plastic bags.
1 answer:
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Answer:
The probability that a randomly selected call time will be less than 30 seconds is 0.7443.
Step-by-step explanation:
We are given that the caller times at a customer service center has an exponential distribution with an average of 22 seconds.
Let X = caller times at a customer service center
The probability distribution (pdf) of the exponential distribution is given by;
Here, = exponential parameter
Now, the mean of the exponential distribution is given by;
Mean =
So, ⇒
SO, X ~ Exp()
To find the given probability we will use cumulative distribution function (cdf) of the exponential distribution, i.e;
; x > 0
Now, the probability that a randomly selected call time will be less than 30 seconds is given by = P(X < 30 seconds)
P(X < 30) =
= 1 - 0.2557
= 0.7443
Answer:
You should invest $2000 at 5% simple interest in order to earn $100 interest in 12 months.
Step-by-step explanation:
Using the formula
where
I = Interest earned
P = The principal (let say in $)
r = The Interest Rate
t = time
Given that
- I = $100
- r = 5%
- t = 12 month = 1 year
- P = The principal amount needed to invest (let say in $)
Thus,
100 = P × 5% × 1
100 = P × 5/100 × 1
100 × 100 = P × 5
10000 = P × 5
P = 10000/5
= 2000 (let say in $)
Thus, you should invest $2000 at 5% simple interest in order to earn $100 interest in 12 months.