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The Waiting Time at an Elevator Is Uniformly Distributed Between

question 56

Short Answer

The waiting time at an elevator is uniformly distributed between 30 and 200 seconds. Find the mean and standard deviation of the waiting time.
A) 115 seconds and 49.07 seconds
B) 1.15 minutes and 0.4907 minutes
C) 1.15 minutes and 24.08333 (minute)2
D) 115 seconds and 2408.3333 (second)2


Definitions:

Business Risk

The exposure a company or investor faces due to uncertainties in the market or industry, impacting the company's ability to generate profits.

Financial Risk

The possibility of losing money on an investment or business venture, including risks related to currency, interest rates, and solvency.

Debt/Equity Ratio

A ratio exemplifying the balance of equity to debt in the financing structure for a company’s assets.

Interest Tax Shield

A deduction allowed for the interest paid on debt, thereby reducing taxable income and the total tax owed.

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