The Time It Takes to Travel from Home to the Office

question 19

Essay

The time it takes to travel from home to the office is normally distributed with  = 25 minutes and  = 5 minutes.
a.What is the probability the trip takes more than 20 minutes?
b.What is the probability the trip takes less than 15 minutes.
c.What is the probability the trip takes between 30 and 35 minutes?
d.What is the probability the trip takes more than 40 minutes?

---

Definitions:

Allowance Method

The allowance method is an accounting technique used to estimate and account for potential credit losses on accounts receivable, recognizing them as an expense before they occur.

Direct Write-off Method

An accounting technique for recognizing bad debts where specific uncollectible accounts are directly written off against income when deemed unrecoverable.

Aging of Receivables Method

An accounting technique used to estimate the amount of and provision for doubtful accounts by categorizing receivables according to the length of time they have been outstanding.

Direct Write-off Method

An accounting method in which uncollectible accounts receivable are directly written off against income at the time they are deemed irrecoverable.