The Number of Minutes That Samantha Waits to Catch the Bus

question 8

Multiple Choice

The number of minutes that Samantha waits to catch the bus is uniformly distributed between 0 and 15 minutes. What is the probability that Samantha has to wait less than 4.5 minutes to catch the bus?

• A)10%
• B)20%
• C)30%
• D)3%

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Definitions:

Depreciable Lives

The estimated period over which a tangible asset is expected to be usable by a business, affecting its depreciation calculation.

Insurance Expense

The cost associated with purchasing insurance policies, recognized as an expense by businesses over the period the insurance coverage is applicable.

Price-earnings Ratio

A valuation metric that compares a company's current share price to its per-share earnings.

Net Income

The total profit of a company after all expenses, including taxes and operating expenses, have been deducted from total revenues.