Use the Appropriate Probability Model (Uniform)

question 18

Multiple Choice

Use the appropriate probability model (Uniform) .
-Suppose that the time for e-mail confirmation of an online purchase is uniformly
Distributed between 1 and 6 minutes. What is the average time for an e-mail
Confirmation?

• A) 3 minutes
• B) 4 / minutes
• C) 2.5 minutes
• D) 4.5 minutes
• E) 3.5 minutes

---

Definitions:

Negotiable Instruments

Financial documents that guarantee the payment of a specified amount of money, either on demand or at a set time.

Transferring Funds

The act of moving money from one account to another, across individuals, businesses, or banking institutions.

Retake Possession

The act of reclaiming ownership or control of property or assets, often legally after a breach of agreement or law.

Transporter

An individual or entity engaged in the moving of goods or people from one place to another.