Formula for the variance of the prediction error

Assignment Help Accounting Basics
Reference no: EM131056673

Battery failures. In five years, 500.000 batteries were put into service at a uniform rate. In that period, 5000 of them failed and were promptly replaced

(a) How many battery-years of exposure were accumulated by the end of the five-year period?

(b) Assuming Poisson data, estimate the failure rate of such batteries.

(c) Give an upper 95% confidence limit for the true failure rate.

(d) Is the Poisson distribution appropriate? State your reasons

(e) 100.000 more units will be manufactured and go into service over the coming year. Give a prediction of the number of failures in the entire population in service in the coming year

(f) Give the formula for the variance of the prediction error for (e) in terms of the failure rate A, previous exposure 1. and future exposure s.

(g) Calculate approximate 95% prediction limits for (e)

Reference no: EM131056673

Questions Cloud

How films might be different were they made in another time : Plus, What influences from their time periods are present in the films? Consider how the films might be different were they made in another time and place. Why and how would they be different?
Estimate the outage rates : Power line outages. Seven power lines of different lengths had outages as shown below. The exposure of a line equals its length times the years observed. Assume that the number of outages has a Poisson distribution
Appreciated or devalued against the mark : Assume that a bank has assets located in London worth £150 million on which it earns an average of 8 percent per year. The bank has £100 million in liabilities on which it pays an average of 6 percent per year. The current spot exchange rate is £1..
Write a program that creates a child process : demonstrate that the two processes alternately execute for 1 second of CPU time. (Note carefully the advice given in Section 35.3.2 about preventing a runaway realtime process from hogging the CPU.)
Formula for the variance of the prediction error : Battery failures. In five years, 500.000 batteries were put into service at a uniform rate. In that period, 5000 of them failed and were promptly replaced
What is the expected return of asset : a. What is the expected return of each asset? b. What is the variance of each asset? c. What is the standard deviation of each asset?
Find out the firm d equity beta : The firm D wants to use the information available from its industry to determine its equity beta. Find out the firm D's equity beta. (Hint: use unlever and re-lever procedures)
Describe the possible migration of ancient peoples : Describing the possible migration of ancient peoples; The influence that trade, agriculture, and tools had on movements; and How colonial actions and colonization impacted those among whom the colonists settled.
Performs the equivalent of pthread_once() : To keep the implementation simple, you can ignore possibilities such as init() failing or being canceled when first called from a thread (i.e., it is not necessary to devise a scheme whereby, if such an event occurs, the next thread that calls one..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Direct material budget inglenook co produces wine the

direct material budget inglenook co. produces wine. the acgexpects to produce 2500000 two-liter bottles of chablis in

  Cost method of accounting for treasury stock

Prepare the journal entry for these transactions under the cost method of accounting for treasury stock.

  Basis in the partnership interest at particular year

At the end of the year, Roger's share of partnership liabilities increased by $20,000. Roger's basis in the partnership interest at the end of the year is:

  Western corp produces two products cigars and chewing

western corp. produces two products cigars and chewing tobacco from a joint process involving the processing of tobacco

  Ash corp uses a process costing system beginning inventory

ash corp uses a process costing system. beginning inventory for january consisted of 2000 units that were 40 completed.

  Find the concentrations of x and y in a solution

Find the concentrations of X and Y in a solution

  If one unit of product x used 250 of direct materials and

if one unit of product x used 2.50 of direct materials and 3.00 of direct labor sold for 8.00 and was assigned overhead

  A truck costing 25000 and uninsured was wrecked the very

a truck costing 25000 and uninsured was wrecked the very first day it was used. it can either be disposed of for 5000

  A corporation purchases 10000 shares of its own 10 par

a corporation purchases 10000 shares of its own 10 par common stock for 17.50 per share recording it at cost. what will

  What does the balance sheet tell you about the company

What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making?

  Crane company division b recorded sales of 360000 variable

crane company division b recorded sales of 360000 variable cost of goods sold of 315000 variable selling expenses of

  Legacy company is considering the production and sale of a

legacy company is considering the production and sale of a new product with the following sales and cost data unit

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