1 mile * (1 hr / 4 mile) = 1/4 hr
1/4 hr = 15 min
Answer:
The probability that X is less than 32 minutes is 0.736.
Step-by-step explanation:
Given : The random variable X is exponentially distributed, where X represents the time it takes for a person to choose a birthday gift. If X has an average value of 24 minutes.
To find : What is the probability that X is less than 32 minutes?
Solution :
If X has an average value of 24 minutes.
i.e. 
The random variable X is exponentially distributed, where X represents the time it takes for a person to choose a birthday gift.
The exponentially function is 
The function form according to question is

The probability that X is less than 32 minutes is



Therefore, the probability that X is less than 32 minutes is 0.736.
The first is C. The second is A.
The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.