Adrian took out a simple interest loan for $2000. The rate on this loan is 7% and he will pay it back in 5 years. How much money
2 answers:
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Answer:
And using this formula we have this:
Then we can conclude that the probability that that a person waits fewer than 11 minutes is approximately 0.917
Step-by-step explanation:
Let X the random variable of interest that a woman must wait for a cab"the amount of time in minutes " and we know that the distribution for this random variable is given by:
And we want to find the following probability:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that that a person waits fewer than 11 minutes is approximately 0.917