Alex Is in a Hurry to Get to Work and Is

question 116

Multiple Choice

Alex is in a hurry to get to work and is rushing to catch the bus. She knows that the bus arrives every six minutes during rush hour, but does not know the exact times the bus is due. She realizes that from the time she arrives at the stop, the amount of time that she will have to wait follows a uniform distribution with a lower bound of 0 minutes and an upper bound of six minutes. What is the probability that she will have to wait more than two minutes?

• A) 0.1667
• B) 0.3333
• C) 0.6667
• D) 1.0000

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Definitions:

Human Capital

The collective skills, knowledge, expertise, and other attributes embodied in individuals that contribute to their economic productivity.

Physical Capital

The stock of equipment and structures that are used to produce goods and services.

Capital Per Worker

The amount of capital (tools, machinery, and equipment) available per employee, affecting the productivity and efficiency of labor.

Output Per Worker

A measure of labor productivity calculated by dividing total output by the number of workers.