In: Math
I have three errands to take care of in the Administration Building. Let Xi = the time that it takes for the ith errand
(i = 1, 2, 3),and let X4 = the total time in minutes that I spend walking to and from the building and between each errand. Suppose the
Xi's are independent, and normally distributed, with the following means and standard deviations:
μ1 = 16,
σ1 = 4,
μ2 = 6,
σ2 = 1,
μ3 = 8,
σ3 = 2,
μ4 = 14,
σ4 = 3.
I plan to leave my office at precisely 10:00 A.M. and wish to post a note on my door that reads, "I will return by t A.M." How long should I estimate my trip will take if I want the probability of the trip taking longer than my estimate to be 0.01? (Round your answer to two decimal places.)
Given,
Xi = the time that it takes for the ith errand (i=1,2,3)
X4 = the total time in minutes that I spend walking to and from the building and between each errand
Let Total time taken for the trip is X
Then X = X1+X2+X3+X4
Given,
Xi's are independent, and normally distributed, with the following means and standard deviations:
μ1 = 16,
σ1 = 4,
μ2 = 6,
σ2 = 1,
μ3 = 8,
σ3 = 2,
μ4 = 14,
σ4 = 3.
Then
X : (X1+X2+X3+X4) follows a normal distribution with mean = () and standard deviation :
= = 16+6+8+14 = 44
Therefore,
Total time taken for the trip is X follows a normal distribution with mean = 44 nd standard deviation : = 5.4772
Let 'mx' be the estimate for the time it takes for the trip.
Probability of the trip taking longer than estimate: 'mx' to be 0.01 i.e P(X>mx) = 0.01
P(X > mx ) = 0.01
So we need to find the value of mx such that P(X>mx) = 0.01
P(X>mx) = 1-P(Xmx)
1-P(Xmx) = 0.01 ; P(Xmx) = 1-0.01 = 0.99
P(Xmx) = 0.99
Zx : Zscore of mx = (mx - )/ = (mx - 44)/ 5.4772
P(Xmx) = P(Z<Zx) = 0.99
From standard normal tables ,
Zx = 2.33
Zx = (mx - 44)/ 5.4772;
mx = 44 + 5.4772 Zx =44 + 5.4772 x 2.33 = 44+ 12.761876 = 56.761876 56.76
Estimate time of the trip is 56.76 minutes.