# Uniform Probability

Many retail stores offer their own credit cards. At the time of the credit application the

customer is given a 10 percent discount on the purchase. The time required for the credit

application process follows a uniform distribution with the times ranging from 4 minutes

to 10 minutes.

a. What is the mean time for the application process?

b. What is the standard deviation of the process time?

c. What is the likelihood a particular application will take less than 6 minutes?

d. What is the likelihood an application will take more than 5 minutes?

https://brainmass.com/statistics/probability/standard-deviation-mean-probability-440752

#### Solution Summary

The solution provides step by step method for the calculation of uniform probabilities. Formula for the calculation and Interpretations of the results are also included.

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