The Amount of Time That You Have to Wait Before

question 63

Multiple Choice

The amount of time that you have to wait before seeing the doctor in the doctor's office is normally distributed with a mean of 15.2 minutes and a standard deviation of 15.2 minutes.If you take a random sample of 35 patients,what is the probability that the average wait time is greater than 20 minutes? (Hint: Round the probability value to 2 decimal places. )

• A)0.28
• B)0.16
• C)0.09
• D)0.03

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Definitions:

Payee's View

The perspective or stance of the individual or entity receiving a payment or financial transaction.

Intermediate Calculations

Calculations performed as part of a larger problem-solving process that involve steps between the initial setup and the final solution.

2.5-Year Note

A promissory note or bond maturing in 2.5 years from the date it was issued.

Principal Amount

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or dividends.