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Computer response time is an important application of the gamma and exponential distributions. Suppose that a study of a certain computer system reveals that the response time, in seconds, has an exponential distribution with a mean of 3 seconds.
a) What is the probability that response time exceeds 5 seconds?
b) What is the probability that response time exceeds 10 seconds?
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Suppose that, from a population of 75 bank accounts, we want to take a random sample of six accounts in order to learn about the population. How many different random samples of six accounts are possible?
The graduates find a job within 1 year of graduating. What is the probability that among 9 randomly selected graduates, at least 1 finds a job within 1 year.
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An insurance company sells $300 deductible annual automobile insurance policies to a certain category (age, driving records) for $1000.00 The insurance company has set four different accident types
Can you show me an example of this? I am a nurse, can you show me an example from the health care field to help me to understand this?
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Exponential distribution with a mean of 4 minutes. What is the probability that a person is served in less than 3 minutes on at least 4 of the next 6 days.
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