The Waiting Time at an Elevator Is Uniformly Distributed Between

question 57

Multiple Choice

The waiting time at an elevator is uniformly distributed between 30 and 200 seconds. What is the probability a rider must wait between 1 minute and 1.5 minutes?

• A) 0.1765
• B) 0.3529
• C) 0.5294
• D) 0.8824

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Definitions:

Accurate Accounting

The practice of precisely recording, summarizing, and reporting financial transactions.

Accruals

Accounting practices that record revenues and expenses when they are incurred, regardless of when cash is exchanged.

Depreciation

An expense recorded to reduce the book value of an asset due to its usage and wear and tear over time, reflecting its decreasing value.

Accounts Receivable

Money that clients are required to pay to a company for goods or services received but for which payment has not yet been made.