In: Statistics and Probability
The wait time (after a scheduled arrival time) in minutes for a train to arrive is Uniformly distributed over the interval [0,12]. You observe the wait time for the next 95 trains to arrive. Assume wait times are independent.
Part a) What is the approximate probability (to 2 decimal places) that the sum of the 95 wait times you observed is between 536 and 637?
Part b) What is the approximate probability (to 2 decimal places) that the average of the 95 wait times exceeds 66 minutes?
Part c) Find the probability (to 2 decimal places) that 92 or more of the 95 wait times exceed 11 minute. Please carry answers to at least 6 decimal places in intermediate steps.
Part d) Use the Normal approximation to the Binomial distribution (with continuity correction) to find the probability (to 2 decimal places) that 5656 or more of the 9595 wait times recorded exceed 55 minutes.
Mean wait time for a train = (12 + 0)/2 = 6 minutes
Variance of the wait time for a train = = 12
The sum of the wait time for next 95 trains, Y would follow Normal distribution (Using Central Limit Theorem)
Thus, the distribution of Y has mean = 6*95 = 570 minutes
and Variance = 12*95 = 1140
-> standard deviation = = 33.76 minutes
Thus,
We know Z =
(a) The required probability = P(536 < Y < 637)
= = P(-1.007 < Z < 1.985)
= 0.8194
(b) The sampling distribution of the sample mean of the 95 wait times will have
Mean = 6 minutes
and Standard deviation = = 0.3554
To find
The corresponding z value = 0
Thus, the required probability = P(Z > 0) = 0.5
(c) The probability that the wait time for a train exceeds 11 minutes = (12 - 11)/(12 - 0) = 1/12
Let N be a binomial random variable which denotes the number of wait times which exceeds 11 minutes
Thus, the required probability = P(N >= 92)
= P(N = 92) + P(N = 93) + P(N = 94) + P(N = 95)
=
=
(d) The probability that the wait time for a train exceeds 11 minutes = (12 - 5)/(12 - 0) = 7/12
Let M be a binomial random variable which denotes the number of wait times which exceeds 5 minutes
Mean of M = 95*7/12 = 55.417
Standard deviation of M = = 4.8
Since both (95*7/12) and (95 * 5/12) are greater than 10, M can be approximated to normal distribution
where M ~
To find P(M >= 56)
Using correction of continuity, the required probability = P(M >= 56) = P(M > 55.5)
The corresponding z score = (55.5 - 55.417)/4.8 = 0.0173
Thus, the required probability = P(Z > 0.0173) = 0.493