Use the Appropriate Probability Model (Uniform)

question 11

Multiple Choice

Use the appropriate probability model (Uniform) .
-Suppose that incoming calls per hour to a customer service center of a small credit
Union are uniformly distributed between 0 and 6 calls. What is the probability that more
Than 6 calls are received per hour?

• A) 1 / 6
• B) 1 / 7
• C) 1
• D) 3 / 7
• E) 0

---

Definitions:

Annual Return

The percentage change in an investment's value over a one-year period, including any dividends or interest, reflecting the compound annual growth rate.

Annual Return

The percentage change in the value of an investment over one year, taking into account both price increases and income received from the investment.

Tax Bracket

A range of incomes taxed at a given rate by the government, with higher incomes typically taxed at higher rates.

Salary Contribution

The portion of an individual's salary that is allocated towards investment, savings, or retirement plans, often in a structured or mandated manner.