Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A) The time until a component is taken out of service is uniformly distributed on 0 to 8 hours. Two such independent components are put in series, and the whole system goes down when one of the components goes down. If Xi (i=1,2) represents the component run times, then Y=min(X1,X2) represents the system lifetime. Devise two distinct ways to generate Y. [Hint: One way is relatively straightforward using the random numbers. For the other method, compute the CDF of Y and then use the independence of the component times].
B) Assume the component lifetimes are exponentially distributed, one with mean 2 hours and the other with mean 6 hours. Rework the above problem (in a) under this assumption.
Please show all work.
In a binomial distribution n = 8 and π = 0.2. Determine the probabilities of the following events.
Describe expected value (EV) of an investment if there is a 20% chance of realizing a return of $20,000 or a 55% chance of realizing a return of $25,000, or there could be a loss of $15,000?
Calculate the Pearson correlation for these data also determine whether there is a significant correlation among attitudes for husbands also wives.
If the manufacturer's claim is true, what is the probability that the claim will be rejected?
Use a .05 significance level to test claims that quarters manufactured with the new equipment have weights with a standard deviation less than .061
The manufacturer of a computer terminal reports in its advertising that the mean life of the terminal, under normal use, is 6 years, with a standard deviation of 1.4 years.
Using the sample information given in the above exercise, the p value for testing Ho versus Ha can be calculated to be 0.0057
write down the hypothesis the test used the p-value and the interpretation then hand calculates a 95% CL for the odds ratio estimate on this last test.
Test the claim that for the adult population of one town, the mean annual salary is given by μ = $30,000.
When comparing data from different distributions, what is the benefit of transforming data from these distributions to conform to the standard distribution?
What is the relationship between descriptive statistics and Affirmative Action ? Can using probability in market trending decisions lead to a bad decision? Explain?
Using the probability formulas, find the proportion of employees who either have MBAs or are managers.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd