The mean travel time to work is 25.2 minutes (U.S. Census) . Further, suppose that commute time follows a log-normal distribution with a standard deviation of 10 minutes. What is the probability a randomly selected U.S. worker has a commute time of less than 20 minutes?
A) 30.15%
B) 33.97%
C) 65.91%
D) 69.85%
Correct Answer:
Verified
Q78: You are planning a May camping trip
Q79: The time to complete the construction of
Q80: The salary of teachers in a particular
Q81: If Y = eX has a lognormal
Q82: Find the variance of the lognormal variable
Q84: What can be said about the expected
Q85: A superstar major league baseball player just
Q86: Let the lifetime of a new Jet
Q87: Let the lifetime of a new Jet
Q88: Gold miners in Alaska have found, on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents