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(a) Find limt→∞{E [N(t)] - t/X} for a renewal counting process {N(t); t > 0} with inter-renewal times {Xi; i ≥ 1}. Hint: Use Wald's equation.
(b) Evaluate your result for the case in which X is an exponential rv (you already know what the result should be in this case).
(c) Evaluate your result for a case in which E [X] <>∞ and E rX2l = ∞. Explain (very briefly) why this does not contradict the elementary renewal theorem.
Text Book: Stochastic Processes: Theory for Applications By Robert G. Gallager.
Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship.
Given an economy that is operating at less than the full employment level, analyze the effects of an increase in consumer confidence on the following markets. Start with an initial equilibrium in each market.
Perform simple linear regression
Facebook sold shares to investors at $38 each in its IPO. One year later, its stock price was hovering around $26. What was the percentage drop in Facebook shares in its first year as a public company?
Examine the operating earnings regression model output obtained from the 60 stores, as shown in Table 6.27. Try to improve the model by eliminating certain independent variables or by making any other changes that you think make good sense
Formula for sample size n with given margin of error m and con dence level C for population proportion and please simplify the model by dropping the insigni cant terms
On January 1, 2008, Jonsey Corporation purchased 30% of the common stock outstanding of Karsen Corporation for $200,000. During 2008, Karsen Corporation reported net income of $80,000 and paid cash dividends of $40,000.
Why use statistics in business research, and what is its role? How can the concept of variance and standard deviation be applied to solving a real world business-related problem? Include a specific example from business. Explain.
An analyst gathered data and counted the number of run with respect to the median. There were 60 observations and 22 runs. what can the analyst conclude given information?
Find the mean time T for the population in the original Markov process to die out. Note: We have seen before that removing transitions from a Markov chain or process.
What are the four components of time series plots? What programs or calculators can perform basic statistical calculations? What programs or calculators can perform multiple statistical calculations involving a large data set and multiple variables?
suppose 10 of the tubes produced by a machine are defective. if six tubes are inspected at random determine
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