SOA Exam P Sample Question 595
Study guide: Exam P-1
The check-out times for customers at a grocery store are modeled by a continuous uniform distribution between 1.1 and 8.6 minutes. The store would like to advertise that "no more than 5% of customers require more than y minutes to check out."
Calculate the minimum value for y.
- A)
1.475 - B)
7.125 - C)
8.170 - D)
8.225 - E)
8.545
Answer this question and see the worked solution