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

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Math Problem Analysis

Mathematical Concepts

Probability
Expected Value
Variance
Standard Deviation

Formulas

Mean (Expected Value) E(X) = ∑[xi * P(xi)]
Variance Var(X) = E(X^2) - [E(X)]^2
Standard Deviation SD(X) = √Var(X)
Probability P(X ≤ 5) = P(X = 3) + P(X = 4) + P(X = 5)
Probability P(X > 6) = P(X = 7)

Theorems

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Suitable Grade Level

Grades 10-12