An online retailer has determined that the average time for credit card transactions to be electronically approved is 1.8 seconds. (Round your answers to three decimal places.) (a) Use an exponential density function to find the probability that a customer waits less than a second for credit card approval. (b) Find the probability that a customer waits more than 3 seconds. (c) What is the minimum approval time for the slowest 5% of transactions

Answers

Answer 1

Answer:

a) 0.426 = 42.6% probability that a customer waits less than a second for credit card approval.

b) 0.189 = 18.9% probability that a customer waits more than 3 seconds.

c) The minimum approval time for the slowest 5% of transactions is 5.39 seconds.

Step-by-step explanation:

Exponential distribution:

The exponential probability distribution, with mean m, is described by the following equation:

[tex]f(x) = \mu e^{-\mu x}[/tex]

In which [tex]\mu = \frac{1}{m}[/tex] is the decay parameter.

The probability that x is lower or equal to a is given by:

[tex]P(X \leq x) = \int\limits^a_0 {f(x)} \, dx[/tex]

Which has the following solution:

[tex]P(X \leq x) = 1 - e^{-\mu x}[/tex]

The probability of finding a value higher than x is:

[tex]P(X > x) = 1 - P(X \leq x) = 1 - (1 - e^{-\mu x}) = e^{-\mu x}[/tex]

An online retailer has determined that the average time for credit card transactions to be electronically approved is 1.8 seconds.

This means that [tex]m = 1.8, \mu = \frac{1}{1.8} = 0.5555[/tex]

(a) Use an exponential density function to find the probability that a customer waits less than a second for credit card approval.

This is [tex]P(X \leq 1)[/tex].

[tex]P(X \leq 1) = 1 - e^{-0.5555*1} = 0.426[/tex]

0.426 = 42.6% probability that a customer waits less than a second for credit card approval.

(b) Find the probability that a customer waits more than 3 seconds.

This is P(X > 3).

[tex]P(X > x) = 1 - P(X \leq 3) = 1 - (1 - e^{-0.5555*3}) = 0.189[/tex]

0.189 = 18.9% probability that a customer waits more than 3 seconds.

(c) What is the minimum approval time for the slowest 5% of transactions

This is x for which [tex]P(X \leq x) = 0.95[/tex]

So

[tex]P(X \leq x) = 1 - e^{-\mu x}[/tex]

[tex]0.95 = 1 - e^{-0.5555x}[/tex]

[tex]e^{-0.5555x} = 0.05[/tex]

[tex]\ln{e^{-0.5555x}} = \ln{0.05}[/tex]

[tex]-0.5555x = \ln{0.05}[/tex]

[tex]x = -\frac{\ln{0.05}}{0.5555}[/tex]

[tex]x = 5.39[/tex]

The minimum approval time for the slowest 5% of transactions is 5.39 seconds.


Related Questions

solve 5tanx= 5sqrt3 for 0

Answers

Answer:

60 degrees

Step-by-step explanation:

5 tan x = 5 root 3

tan x = root 3

sin x / cos x = root 3

(root(3) / 2) / (1/2) = root 3

sin x = root(3)/2

cos x = 1/2

x = 60 degrees

Sa piajes egne baseball games this season. Her point totais for each game were 8. 14.4 7.6.14, 4 and 7. What was
the mean number of points she scoret per game?

Answers

Answer:

The mean number of scores per game is 8

Step-by-step explanation:

Since we know we can find the mean by adding all the numbers and dividing them by many numbers there were. Once you add 8, 14, 4, 7, 6, 4, and 7, you will get 64. Since there were 8 numbers, you divide 64 by 8 to get 8.

WILL GIVE BRAINLIEST ANSWER TO WHOEVER ANSWERS FIRST AND CORRECT PLEASE EXPLAIN WHY YOU ARE CORRECT

Answers

Answer:

x=2

Step-by-step explanation:

The midsegment AB=(DG+EF)/2

so (5x-4+8x+2)/2=12

       *2                     *2

13x-2=24

+2       +2

13x=26

:13  :13

x=2

To the nearest tenth, find the area of a circle with d = 15km. Use 3.14 for . Remember: you must find the radius before you use the formula

Answers

Answer:

radius r = 7.5 km

diameter d = 15 km

circumference C = 47.1238898 km

area A = 176.714587 km2

Step-by-step explanation:

math

Gavin, Colin and Dan share some sweets in the ratio 7:3:2. Gavin gets 75 more sweets than Dan. How many sweets does Colin get?

Answers

Answer:

45 sweets.

Step-by-step explanation:

Gavin gets 7(7+3+2) = 7/12 of the sweets.

Dan gets  2 /12  so   Gavin gets 7/2 times as much as Dan

Let Dan get x sweets then

x + 75 = 7x /2

7x/2 - x = 75

5x/2 = 75

x = 75 * 2/5 = 30 sweets.

So Dan gets 30 sweets , Gavin gets 105 sweets and  Colin gets  3/2 * 30

= 45 sweets.

According to the most recent census, the average total yearly expenses of households in Wake County is $45,900. It is also known that the distribution of household expense in Wake County is strongly skewed to the right with a standard deviation of $8,370. A researcher is going to randomly select a sample of 7 households from Wake County.
1. Which of the following is true?
Select all that apply:
a. The sampling distribution of the sample mean will have a smaller standard deviation than the population.
b. The sampling distribution of the sample mean will have a different standard deviation than the population.
c. The shape of the sampling distribution of the sample mean will be skewed right.
d. The sampling distribution of the sample mean will have a larger standard deviation than the population.
e. We cannot tell what the shape of the sampling distribution of the sample mean will look like.
f. The shape of the sampling distribution of the sample mean will be approximately symmetric.

Answers

Answer:

a. The sampling distribution of the sample mean will have a smaller standard deviation than the population.

b. The sampling distribution of the sample mean will have a different standard deviation than the population.

c. The shape of the sampling distribution of the sample mean will be skewed right.

Step-by-step explanation:

Patty goes to the mall at 9:30 am and meets a friend at a movie at 11:15 am. Patty wants to shop and have 55 min for lunch before meeting her friend
How much time can patty spend shopping?

Answers

Answer:

50 minutes

Step-by-step explanation:

Time when patty goes to mall = 9:30 am

Time when he has to meet a friend = 11.15 Am

Spare time patty has is interval between Time when he has to meet a friend

and Time when patty goes to mall

which can be written as

Spare time patty has = 9:30 am to 10:30 am which is 1 hours 45 mins.

One hour has 60 minutes.

Thus total time in minutes patty has = 1*60 minutes + 45 minutes = 105 minutes.

Time which will be used by Patty to have lunch = 55 minutes.

Time left out if 55 minutes are used in lunch = total spare time - time for lunch = (105 - 55 ) minutes = 50minutes.

Patty wants to shop in the spare time after allocating 55 minutes to lunch.

Thus the rest of time which is 50 minutes, he can use to shop.

Which situation can be represented by the equation Y equals 74X

Answers

Answer:

X: amount of a spare part of price $74 per unit.

Y: cost of purchasing X spare parts.

Step-by-step explanation:

We can imagine that X represents the amount of an object, for example a car spare part,  which price is $74 per unit.

Then, Y would represent the cost of purchasing X units of that spare part.

What is the next term in the pattern 1000, 500, 250, 125, 62.5, ……

Answers

Answer:

31.25

Step-by-step explanation:

Firstly, we need to identify the pattern.

Pattern: every next number is obtained by dividing the previous number by 2.

1st number = 1000

2nd number = 1000/2 = 500

3rd number =  500/2 = 250

4th number = 250/2 = 125

5th number = 125/2 = 62.5

6th number = 62.5/ 2 = 31.25.

_______________________________________________

It can be also solved using concept of geometric progression

In GP

any nth number is given by = [tex]ar^(n-1)[/tex]

where a is first number

r is the common ratio for the gp

r common ratio is calculated by = nth/(n-1)th

here r = 500/1000 = 1/2

a = 1000

next term which we need to find is 6th terms

Thus, 6th terms = [tex]1000*(1/2)^(6-1)[/tex]

 [tex]=1000/2^5[/tex]

=1000/32 = 31.25

Ivy corporation gave 79 people a bonus. If Ivy had given 5 more people bonuses, Ivy would have rewarded 3/5 of the workforce. How large is Ivy's workforce. HELP.

Answers

Answer:

140 people in Ivy's workforce

Step-by-step explanation:

First, add together the 79 workers and the 5 extra people.

79 + 5 = 84

Now take 84 divided by 3/5 to find the number of people who are in the workforce.

84/ 3/5 = 140 people in Ivy's workforce

Answer:

140

Step-by-step explanation:

First, add together the 79 workers and the 5 extra people.

79 + 5 = 84

Now take 84 divided by 3/5 to find the number of people who are in the workforce.

84/ 3/5 = 140 people in Ivy's workforce

Solve: x=4+(4x-4)1/2 x = 2
x = 10
x = 2 or x = 10
no real solution

Answers

Answer:

No real solution- Not any of the options anyway

Step-by-step explanation:

So I replaced the x's with the two possible equations and then tried to solve...

2=4+(4x2-4)1/2

2=4+(8-4)1/2

2=4+(4)1/2

2=8(1/2)

2=4   Which is not true

10=4+(4x10-4)1/2

10=4+(40-4)1/2

10=4+36(1/2)

10=40(1/2)

10=20 Which is also not true

Therefore, there is no real solution

Answer:

B: x = 10 on Edge 2020

Step-by-step explanation:

What is the end behavior of the graph of the polynomial function f(x)=3x^6+30x^5+75x^4

Answers

Answer:

Step-by-step explanation:

The answer is (6y+5x)-(5y=7u)

Children under 10 years and older people over 65 years receive a discount on movie tickets. Let x represent the age
of a person who receives a discount.
Which inequality represents the age of a child who receives a discount?
Which inequality represents the age of an older person who receives a discount?
Which compound inequality represents the age of a person who receives a discount?
Done
h Intan

Answers

Answer:

Hi

Step-by-step explanation:

In

4(1 - x) + 2 x= -3( x + 1)

Answers

Answer:

x = -7

Step-by-step explanation:

Solve for x:

4 (1 - x) + 2 x = -3 (x + 1)

4 (1 - x) = 4 - 4 x:

2 x + 4 - 4 x = -3 (x + 1)

2 x - 4 x = -2 x:

-2 x + 4 = -3 (x + 1)

Expand out terms of the right hand side:

4 - 2 x = -3 x - 3

Add 3 x to both sides:

3 x - 2 x + 4 = (3 x - 3 x) - 3

3 x - 3 x = 0:

3 x - 2 x + 4 = -3

3 x - 2 x = x:

x + 4 = -3

Subtract 4 from both sides:

x + (4 - 4) = -4 - 3

4 - 4 = 0:

x = -4 - 3

-4 - 3 = -7:

Answer:  x = -7

Answer:

X=-7

Step-by-step explanation:

There were 4 golden retrievers at the dog park last Saturday, along with 4 other dogs.
Considering this data, how many of the next 18 dogs to arrive at the park next Saturday
should you expect to be golden retrievers?

Answers

Answer:

9 Golden Retrievers.

Step-by-step explanation:

If there were 8 dogs last Saturday, and half were golden retrievers, next Saturday should have half golden retrievers. 18 divided by 2 equals 9.

[tex]18 \div 2 = 9[/tex]

Hope this helped :)

Answer:

ryt

Step-by-step explanation:

write 820.341 in scientific notation​

Answers

It is =8.20341 x 10^2

A builder buys a piece of property with 16.1 acres of land to develop a new set of walking trails and baseball fields. The builder plans to use 0.33 of the property for baseball fields. How many acres will the builder use for the baseball fields?

Answers

Answer:

The builder will use 5.28 acres of land for baseball fields.

Step-by-step explanation:

This question can be solved using a rule of three.

The property has 16.1 acres of land. This is 100% = 1. 33% will be used for baseball fields. How much is 0.33?

16.1 - 1

x - 0.33

[tex]x = 16*0.33 = 5.28[/tex]

The builder will use 5.28 acres of land for baseball fields.

Whats happens when the value of the expression c + 2 as c increase

Answers

Answer:

c+2 increases linearly with c. That means that if c increases by 1, c+2 will increase by 1; if by 2, c+2 will increase by 2.

Step-by-step explanation:

Write using only positive exponents. 16x^4z^4/36x-2yz^0

Answers

Answer:

Step-by-step explanation:

16x^4y^-3z^4 / 36x^-2yz^0

16x^4y^-3z^4 = 16x^4z^4/y^3

36x^-2yz^0 = 36x^-2y(1) =36x^-2y = 36y/x^2

16x^4y^-3z^4 / 36x^-2yz^0

= (16x^4z^4/y^3) / (36y/x^2)

= 16x^4z^4/y^3 * x^2/36y  

= (4/9)x^6z^4/y^4

or another way

fist multiply it out

f(x) = 4x^(3/5) - x^(8/5)

now differentiate knowing d/dx(x^n) = n x^(n-1)

to get

4*(3/5) x^(-2/5) - 8/5 x^(3/5)

simplify to get

12/5/x^(2/5) -   8/5 x^(3/5)

If this is what your looking for please give me brainiest, i have done this problem in the past so i know how to solve it :)

Which graph shows the solution set for 2 x + 3 greater-than negative 9? A number line going from negative 8 to positive 2. An open circle is at negative 3. Everything to the left of the circle is shaded. A number line going from negative 8 to positive 2. An open circle is at negative 3. Everything to the right of the circle is shaded. A number line going from negative 8 to positive 2. An open circle is at negative 6. Everything to the left of the circle is shaded. A number line going from negative 8 to positive 2. An open circle is at negative 6. Everything to the right of the circle is shaded.

Answers

Answer:

3

Step-by-step explanation:

because is a hcsbjmcscin C d

Answer:

the right answer is x = 3 and x= -1/2

Step-by-step explanation:

I took the test.

Determine if the set is a Pythagorean triple

Answers

Answer:

Pythagorean Triples are sets of whole numbers for which the Pythagorean Theorem holds true. The most well-known triple is 3, 4, 5. This means that 3 and 4 are the lengths of the legs and 5 is the hypotenuse.

A polar bear migrate north during winter to hunt for its food on sea ice. The daily average temperature decreases 3°C for every 100 km traveled. At the start of the bear's journey, the temperature is 2"C. What is the temperature after 200 km of its journey ?

Answers

Answer:

The average temperature after 200 kilometers of journey is -4 °C.

Step-by-step explanation:

The situation shows that change in average temperature is directly proportional to travelled distance:

[tex]T = 2^{\circ}C - \frac{3^{\circ}C}{100\,km} \cdot (200\,km)[/tex]

[tex]T = -4^{\circ}C[/tex]

The average temperature after 200 kilometers of journey is -4 °C.

Answer:

The temperature after 200 km of its journey is -4°C

Step-by-step explanation:

To find the new temperature, first, you need to find how much the temperature decreases, and then subtract this temperature decrease to the initial temperature.

The temperature decreases 3°C for every 100 km travelled, then, after 200 km the temperature decreases 2*3 = 6 °C.

At the start of the bear's journey, the temperature was 2 °C, after 200 km the temperature is 2 - 6 = -4°C

When the volume of a gas is

changed from mL to 852 mL,

the temperature will change from

315°C to 452°C.

Answers

Answer: The initial volume is 593.76mL

Step-by-step explanation:

As you do not say anithing about the pressure, i guess that the pressure remains constant.

If the gas is an ideal gas, we have:

P*V = n*R*T

where P is pressure, n is number of moles and R is a constant.

Now, initially we have:

P*Vi = n*R*315°C

finally we have:

P*825mL = n*R*452°C

Now we can take the quiotient of those two equations and get:

(P*Vi)/(P*852mL) = (n*R*315°C)/( n*R*452°C)

Now we have:

Vi/852mL = 315/452

Vi =  (315/452)*852mL = 593.76mL

So when we expand the gas at constant pressure, we increase the temperature.  

Answer:

691 mL

Step-by-step explanation:

Set up the inequality of $3.000 and $15

Answers

Answer:

  $3.00 < $15.00

Step-by-step explanation:

It is unusual to see a dollar amount with three digits to the right of the decimal point. (This sometimes happens when prices are expected to be multiplied by large quantities.) On the other hand, it sometimes happens that a period gets substituted for a comma. So, some relevant inequalities might be ...

  $3.00 < $15

  $3,000 > $15

What’s the correct answer for this? Select the ones that apply

Answers

Answer:

B, C and E

Step-by-step explanation:

1) Proving that opposite sides have equal slopes as they are parallel also

2) Proving that opposite sides are parallel and equal

698,000 converted to scientific notation​

Answers

。☆✼★ ━━━━━━━━━━━━━━  ☾  

Scientific notation is written as:

a x 10^n

where 'a' is a value between 1 and 10

In this case, it would be:

6.98 x 10^5

Have A Nice Day ❤    

Stay Brainly! ヅ    

- Ally ✧    

。☆✼★ ━━━━━━━━━━━━━━  ☾

Correct Answer:

6.98 x 10^5

Find the unit rate.
Kenny reads
3/8 page in 2/3 minutes.

Answers

Answer:

15/ 16  

Step-by-step explanation: 3/2 x 5/8=  15/16

you flip 2/3 to 3/2 and multiply it

Factor 4x^3 + 40x^2 + 100x

Answers

Answer:

4 x (x + 5)^2

Step-by-step explanation:

Factor the following:

4 x^3 + 40 x^2 + 100 x

Factor 4 x out of 4 x^3 + 40 x^2 + 100 x:

4 x (x^2 + 10 x + 25)

The factors of 25 that sum to 10 are 5 and 5. So, x^2 + 10 x + 25 = (x + 5) (x + 5):

4 x (x + 5) (x + 5)

(x + 5) (x + 5) = (x + 5)^2:

Answer: 4 x (x + 5)^2

Students at a certain school were​ surveyed, and it was estimated that 20​% of college students abstain from drinking alcohol. To estimate this proportion in your​ school, how large a random sample would you need to estimate it to within 0.08 with probability 0.95​, if before conducting the study​ (a) you are unwilling to predict the proportion value at your school and​ (b) you use the results from the surveyed school as a guideline.

Answers

Answer:

a) A sample size of at least 251 students is needed.

b) A sample of at least 97 students is needed.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].

The margin of error is:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

95% confidence level

So [tex]\alpha = 0.05[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.05}{2} = 0.975[/tex], so [tex]Z = 1.96[/tex].

(a) you are unwilling to predict the proportion value at your school

We need a sample size of at least n.

n is found when M = 0.08.

We wont predict a proportion value for the school, so we use [tex]\pi = 0.5[/tex]

So

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.08 = 1.96\sqrt{\frac{0.5*0.5}{n}}[/tex]

[tex]0.08\sqrt{n} = 1.96\sqrt{0.5*0.5}[/tex]

[tex]\sqrt{n} = \frac{1.96\sqrt{0.5*0.5}}{0.08}[/tex]

[tex](\sqrt{n})^{2} = (\frac{1.96\sqrt{0.5*0.5}}{0.08})^{2}[/tex]

[tex]n = 150.1[/tex]

Rounding up

A sample size of at least 251 is needed.

(b) you use the results from the surveyed school as a guideline.

Now we have that [tex]\pi = 0.2[/tex]

So

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.08 = 1.96\sqrt{\frac{0.2*0.8}{n}}[/tex]

[tex]0.08\sqrt{n} = 1.96\sqrt{0.2*0.8}[/tex]

[tex]\sqrt{n} = \frac{1.96\sqrt{0.2*0.8}}{0.08}[/tex]

[tex](\sqrt{n})^{2} = (\frac{1.96\sqrt{0.2*0.8}}{0.08})^{2}[/tex]

[tex]n = 96.04[/tex]

Rounding up

A sample of at least 97 students is needed.

100 POINTS PLEASE ANSWER IM BEGGING YOU!!!!!!

Answers

Answer:

[tex]4 \sqrt{5}[/tex]

Step-by-step explanation:

[tex]\sqrt{80}[/tex]

80 can be written as a product of 16 and 5.

[tex]\sqrt{16 \times 5}[/tex]

Distribute the square root to both terms.

[tex]\sqrt{16} \times \sqrt{5}[/tex]

16 is a perfect square 4×4.

[tex]4 \times \sqrt{5}[/tex]

Answer:

4 * sqrt(5)

Step-by-step explanation:

sqrt(80)

sqrt(16*5)

We know that sqrt (ab) = sqrt(a) sqrt(b)

sqrt(16) sqrt(5)

4 * sqrt(5)

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