a) Mean: 6.5 min, variance: 10.1 min
b) 0.54 (54%)
c) 0.73 (73%)
d) 0.34
Step-by-step explanation:
a)
Here we can call X the variable indicating the waiting time for the customers:
X = waiting time
We are told that the waiting time is distributed uniformly between 1 and 12; this means that

And the probability is equal for each value of X, so:

The mean of a uniform distribution is given by:
![E[X]=\frac{b+a}{2}](https://tex.z-dn.net/?f=E%5BX%5D%3D%5Cfrac%7Bb%2Ba%7D%7B2%7D)
where a and b are the minimum and maximum values of the variable X. In this case,
a = 1
b = 12
So the mean value of X is
(minutes)
The variance of a uniform distribution is given by:
![Var[X]=\frac{1}{12}(b-a)^2](https://tex.z-dn.net/?f=Var%5BX%5D%3D%5Cfrac%7B1%7D%7B12%7D%28b-a%29%5E2)
And substituting the values of this problem,
(minutes)
b)
Since the distribution is uniform between 1 and 12, we can write the probability density function as

The cumulative function gives the probability that the values of X is less than a certain value t:
(1)
In this case, we want to find the probability that the waiting time is less than 7 minutes, so
t = 7
We also have:
a = 1
b = 12
Therefore, calculating (1) and substituting, we find:

c)
The probability that a customer waits between four and twenty minutes can be rewritten as

This can be written as:
(1)
However, the probabilty of X>4 can be written as

Also, we notice that
because the maximum value of X is 12; therefore, we can rewrite (1) as

We can calculate
by using the same method as in part b:

So, we find

d)
In this part, we know that a customer waits for
X = k
minutes in line, and he receives a coupon worth
dollars.
Here we want to find the mean of the coupon value.
Here therefore we have a new variables defined as

Given a variable with standard (between 0 and 1) uniform distribution X, the variable
follows a beta distribution, with parameters
, and whose mean value is given by
![E[Y]=\frac{1/n}{1+\frac{1}{n}}](https://tex.z-dn.net/?f=E%5BY%5D%3D%5Cfrac%7B1%2Fn%7D%7B1%2B%5Cfrac%7B1%7D%7Bn%7D%7D)
In this case,

So the mean value of
is
![E[X^{1/4}]=\frac{1/(1/4)}{1+\frac{1}{1/4}}=\frac{4}{1+4}=\frac{4}{5}=0.8](https://tex.z-dn.net/?f=E%5BX%5E%7B1%2F4%7D%5D%3D%5Cfrac%7B1%2F%281%2F4%29%7D%7B1%2B%5Cfrac%7B1%7D%7B1%2F4%7D%7D%3D%5Cfrac%7B4%7D%7B1%2B4%7D%3D%5Cfrac%7B4%7D%7B5%7D%3D0.8)
However, our variable is distribution is non-standard, because its values are between 1 and 12, so the range is

So, the actual mean value of
is
![E[X^{1/4}]=0.8\cdot (1.86-1)+1=1.69](https://tex.z-dn.net/?f=E%5BX%5E%7B1%2F4%7D%5D%3D0.8%5Ccdot%20%281.86-1%29%2B1%3D1.69)
However, in the definition of Y we also have a factor 0.2; therefore, the mean value of Y is
![E[Y]=0.2E[X^{1/4}]=0.2\cdot 1.69 =0.34](https://tex.z-dn.net/?f=E%5BY%5D%3D0.2E%5BX%5E%7B1%2F4%7D%5D%3D0.2%5Ccdot%201.69%20%3D0.34)