MATH 101 HOMEWORK 10 Due on Wednesday, November 26 Covers sections 7.8, 7.9. For full credit, show all work. 1. A credit card company determines that the waiting time for a customer’s call to be answered by a representative is modelled by an exponential density function with expectation 5 minutes. (a) (5 marks) What is the probability that a call is answered during the first 2 minutes? During the first 5 minutes? (b) (5 marks) The company wants to make sure that 95% of the calls are answered within the first 10 minutes. Does it have to improve its service? If the average time is still to be modelled by an exponential density, what expectation should the company aim for? 2. Solve the differential equations: (a) (5 marks) y 0 + y tan x = 2 cos2 x, (b) (5 marks) y 0 + 2xy = e−x , y(0) = −1. 2 PRACTICE PROBLEMS IN PROBABILITY THEORY 1. A casino slot machine is designed so that the probability of winning x dollars is given by the exponential density ke−kt , where k can be adjusted by the owner of the machine. (a) If it costs $1 to play, how should the owner set the value of k so that the average expected profit is at least 25 cents per customer? (b) Assume that the owner has set k = 2. What is the probability of winning at least 10 dollars? What is the probability of winning $100 or more? 2. A pizza delivery company determines that the length of time from receiving the order to delivery is modelled by a normal distribution with expectation 30 minutes and standard deviation 5 minutes. (a) What is the probability that the pizza is delivered in less than 35 minutes? (b) The company wants to advertise that if the pizza is not delivered within x minutes, it’s free. But it does not want to give away free pizza to more than 1% of its customers. What should x be? 1