The Length of Time Patients Must Wait to See a Doctor

question 120

Short Answer

The length of time patients must wait to see a doctor in a local clinic is uniformly distributed between 15 minutes and 2 1/2 hours.
a.What is the probability of a patient waiting exactly 50 minutes?
b.What is the probability that a patient would have to wait between 45 minutes and 2 hours?
c.Compute the probability that a patient would have to wait over 2 hours.
d.Determine the expected waiting time and its standard deviation.

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Definitions:

Hourly Wage

The amount of money paid for each hour of work, commonly used in part-time and some full-time employment.

Semiannual Compounding

A method of calculating interest where the capital is compounded twice a year.

Compounded Semiannually

An interest accruing method where interest is calculated and added to the principal every six months, potentially leading to higher returns over time due to the compounding effect.

Quarterly Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done every quarter.