Find the Value of a Normal Random Variable

question 43

Multiple Choice

Find the Value of a Normal Random Variable
-The length of time it takes college students to find a parking spot in the library parking lot follows a normal distribution with a mean of 4.0 minutes and a standard deviation of 1 minute. Find the cut-off time which 75.8% of the college students exceed when trying to find a parking spot in the library parking lot.

• A) 4.7 min
• B) 4.5 min
• C) 4.3 min
• D) 4.8 min

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Definitions:

Lease Terminated

The end of a lease agreement, either through mutual agreement, by reaching its natural expiration, or through early termination under specific conditions.

Periodic Tenancy

A lease that automatically renews at the end of each rent payment period until notice to terminate is given.

Tenancy at Will

A lease agreement that can be terminated at any time by either the landlord or the tenant without any prior notice.

Notice to Quit

A formal declaration often used in real estate to notify a tenant that they must leave the property by a specified date.