Essay
Provide an appropriate response.
-You are late for work. You have two options for getting to work. You may take the bus
which takes on average 40 minutes with a standard deviation of 12 minutes. Or you can
cycle which takes on average 50 minutes with a standard deviation of 2 minutes. Compare
these two distributions.
You leave your house at 8.20 am and are supposed to start work at 9.00 am.
Which option would you choose if you will be fired if you are even a few minutes late?
Which option would you choose if you know that up to 15 minutes late is OK but after that
there is trouble? Explain your thinking.
Correct Answer:

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Taking the bus is faster on average but ...View Answer
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Correct Answer:
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