Find the probability using exponential distribution

Assignment Help Basic Statistics
Reference no: EM1316363

Find the probability using exponential distribution.

The Johnson family uses a propane tank for cooking on their gas grill. During the summer they need to replace their tank on average every 30 days.

At a randomly chosen moment, what is the probability that they can grill out

(a) At least 40 days before they need to replace their tank? (Round your answer to 4 decimal places.)

(b) No more than 20 days? (Round your answer to 4 decimal places.)

Reference no: EM1316363

Questions Cloud

Formulating the hypotheses for a given problem : The average age of the students in the sample was 23 with a standard deviation of 3.5: a) Formulate the hypotheses for this problem.
Permutation and combination to find number of ways : Permutation and combination to find number of ways
Find the yield to maturity at a current market price : Computation of YTM and present value of bonds - Find the yield to maturity at a current market price of (1) $829 or (2) $1,104?
Purpose for rising average variable cost : Describe why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.
Find the probability using exponential distribution : The Johnson family uses a propane tank for cooking on their gas grill. During the summer they need to replace their tank on average every 30 days.
Computation of default risk premium : Computation of default risk premium - What is its default risk premium?
Confidence using the p-value approach : At 95% confidence using the  p- value approach, test the hypotheses. Let α = 0.1.
Subjects reported experiencing important relief from their : In study of a clinical for an allergy drug 115 of the 204 subjects reported experiencing important relief from their symptoms.
Investment in fixed assets or borrow funds : Analysis on whether to go for investment in Fixed Assets or borrow funds - what conclusion can you draw from it

Reviews

Write a Review

Basic Statistics Questions & Answers

  Mean square within treatments

To test whether or not there is a difference between treatments A, B, and C, a sample of 12 observations has been randomly assigned to the 3 treatments.

  Hypothesis testing and confidence interval of two proportion

Establish a 99% Confidence interval about the difference in the proportion of the town voters and county voters who favor the proposal.

  Determining the marginal density

On randomly selected day, let X and Y, respectively, be proportions of time that the drive-in and walk-in facilities are in use. Determine the marginal density of X.

  F-distribution by critical value

The critical value of  F  at 95% confidence when there is a sample size of 21 for the sample with the smaller variance, and there is a sample size of 9 for the sample with the larger sample variance is:

  Finding width of confidence interval around population mean

For this same sample of n = 45, find out the width of confidence interval around population mean?  Illustrate all work.

  Standard deviations for first- and second-time

Standard deviations for first- and second-time and confidence interval

  Determining difference in mean waiting time

Suppose the population standard deviations are not the same. At.05 significance level, is there a difference in mean waiting time?

  Single-sample t ratio

With a single-sample t ratio, the null hypothesis states that:

  Probability that less than 64 patients will not be satisfied

According to a hospital administrator, historical records over the past 10 years have shown that 20 percent of major surgery patients are dissatisfied with after-surgery care in the hospital. A scientific poll based on 400 hospital patients has ju..

  Population standard deviation

To test whether the population standard deviation differ significantly using Chi-Square test.

  Explaining difference in variances and decision rule

At α = .05, is there a difference in variances? Illustrate all steps clearly, including the illustration of the decision rule.

  Chi-square by using independence

High levels of cockpit noise in an aircraft can damage the hearing of pilots who are exposed to this hazard for many hours

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd