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:

Seller's Option

The right of the seller to choose specific terms in a transaction, such as the time and place of delivery.

Federal Trade Commission Act

A U.S. federal law established in 1914 to prevent unfair competition, deceptive acts, or practices in the marketplace.

U.S. Steel

A major American integrated steel producer with major production operations in the United States and Central Europe.

Inferior Foreign Steel

Steel produced outside of the home country, often criticized for its lower quality compared to domestic products.