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The time it takes for a ferry to reach a summer resort from the mainland is Normally distributed with mean 2 hours and standard deviation 12 minutes....
The time it takes for a ferry to reach a summer resort from the mainland is Normally distributed with mean 2 hours and standard deviation 12 minutes.
What should be the advertised duration of the trip (in minutes) if the ferry management does not want to be late on more than 5% of the trips but would like to minimize the advertised duration?