In this question you should state clearly all the distributions that you use, together with the values of the appropriate parameters. You should also assume that \(T\) and \(X\) follow independent normal distributions.
Each KTX train takes \(T\) minutes to travel from Seoul Train Station to Pohang Train Station. It is known that \(T\) follows the distribution \(\mathrm{N}\left( 144,25 \right)\).
Before 7pm daily, each express bus takes \(X\) minutes to travel from Seoul Express Bus Terminal to Pohang Express Bus Terminal. It is known that \(X\) follows the distribution \(\mathrm{N}\left( 236,81 \right)\). After 7pm daily, the travel time taken by each express bus will be reduced by \(10\%\) as all the express buses will not make a stop at Daegu.
Kim needs to travel from Seoul to Pohang on Saturday mornings to visit his parents. He prefers to take a KTX train if the tickets are available. On average, \(70\%\) of his journeys are by train.
The cost of taking a KTX train and taking an express bus from Seoul to Pohang are \(\$54\) and \(\$24\) respectively.
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