In: Statistics and Probability
2. The amount of time that a drive-through bank teller spends on a customer is a random variable with a mean minutes and a standard deviation minutes. If a random sample of 64 customers is observed, find the probability that their mean time at the teller’s window is:
a) At most 2.7 minutes
b) more than 3.5 minutes
Let X be the random variable which describes the amount of time that a drive-through bank teller spends on a customer, in minutes.
Given that
Mean = 3.2 minutes
S.D = 1.6 minutes
Now we have random sample of n = 64 , by central limit theorem the sampling distribution of mean will follow normal with mean = 3.2 and Standard error = 16 / sqrt(64) = 0.2
a) Probablity that mean time at teller window is at most 2.7 minutes =
= 0.0062 [standard normal table]
b) Probablity that mean time at teller window is more than 3.5 minutes
= 1 - 0.9332
=0.0668
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