The Length of Time Patients Must Wait to See a Doctor

question 45

Essay

The length of time patients must wait to see a doctor in a local clinic is uniformly distributed between 15 minutes and 2 1/2 hours.
a.Define the random variable in words.
b.What is the probability of a patient waiting exactly 50 minutes?
c.What is the probability that a patient would have to wait between 45 minutes and 2 hours?
d.Compute the probability that a patient would have to wait over 2 hours.
e.Determine the expected waiting time and its standard deviation.

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Definitions:

Transaction Costs

Expenses incurred during the process of buying or selling goods and services, which may include fees, taxes, or other costs.

Comparative Advantage

The theory suggesting that countries or entities benefit and gain efficiency from specializing in the production of goods or services for which they have a lower opportunity cost.

Freedom Of Movement

The right of individuals to travel and relocate freely within a country or between different countries.

Transaction Costs

Expenses incurred when buying or selling goods and services, which may include fees, taxes, and other charges.