Math Problem Statement

A logistics company is interested in modeling the delivery time for a certain route. Let the random variable X represent the delivery time in hours. The probability distribution for X is given below: Delivery Time (hours) 3 4 5 6 7 Probability 0.20 0.35 0.25 0.15 0.05 a. Calculate the Mean (Expected Value) of the Delivery Time. b. Calculate the Variance of the Delivery Time. c. Calculate the Standard Deviation of the Delivery Time. d. Find the Probability that Delivery Time is Less than or Equal to 5 Hours. e. Find the Probability that Delivery Time is Greater than 6 Hours.

Solution

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Probability
Statistics
Expected Value
Variance
Standard Deviation

Formulas

Expected Value: E(X) = Σ[x_i * P(x_i)]
Variance: Var(X) = E(X^2) - [E(X)]^2
Standard Deviation: SD(X) = sqrt(Var(X))
Cumulative Probability: P(X ≤ x) = Σ[P(X = x_i)]
Probability Greater Than: P(X > x) = 1 - P(X ≤ x)

Theorems

Law of Total Probability

Suitable Grade Level

Grades 11-12