Question

Suppose the time to process a loan application follows a uniform distribution over the range 77 to 1515 days. What is the probability that a randomly selected loan application takes longer than 1414 days to process

Answer 1

The probability is approximately 0.2222

Explanation:

The correct question is as follows;

Suppose the time to process a loan application follows a uniform distribution over the range 7 to 15 days. What is the probability that a randomly selected loan application takes longer than 14 days to process

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