Answer:
6.68%
Explanation:
• Average Wait Period = 126 days
,
• Standard Deviation = 24 days
,
• X=90 days
First, we find the z-score using the z-score formula:
Next, we find the proportion that waits fewer than 90 days, i.e. P(z<-1.5).
From the z-score table:
The proportion that waits fewer than 90 days is 6.68%.