Mathematics, 30.11.2019 06:31 rakanmadi87
Suppose the time to process a loan application follows a uniform distribution over the range of 8 to 13 days. what is the probability that a randomly selected loan application takes longer than 12 days to process?
Answers: 3
, where x is uniformly distributed in interval [a,b].
![\int^{13}_{12}\ f(x)\ dx\\\\=\int^{13}_{12}\dfrac{1}{5}\ dx\\\\=\dfrac{1}{5}[x]^{13}_{12}\\\\=\dfrac{1}{5}(13-12)=\dfrac{1}{5}=0.2](/tpl/images/0397/0926/77e28.png)
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Suppose the time to process a loan application follows a uniform distribution over the range of 8 to...
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