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1. Assume that the service time for a customer at a bank is exponentially dis- tributed with mean service time 2 minutes. Let X be the total service time for 10 customers. Estimate the probability that X > 22 minutes.
2. Let X1, X2, . . . , Xn be n independent random variables each of which has an exponential density with mean µ. Let M be the minimum value of the Xj . Show that the density for M is exponential with mean µ/n. Hint : Use cumulative distribution functions.
Determine that your peer's response reveals errors in thinking or understanding the readings or concepts. Discuss these by pointing to the correct information in the literature
according to news reports in early 1995 among the first pentium chips intel made some had a peculiar defect which
The consultant has offered to share their analysis with your company for a fee of $25.0 million. What is the Expected Value of Perfect Information in this scenario?
In which of the following markets do all firms sell the same standardized product?
in a recent poll of 750 randomly selected adults 590 said that it is morally wrong to not report all income on tax
The data are shown below. Generate a 95% confidence interval for the difference in mean HDL levels between men who exercise regularly and those who do not.
What is the expected value of the probability distribution? What is the variance of the probability distribution?
The manager of Sam's Food Mart guarantees that none of his cartons containing a dozen eggs will contain more than one bad egg, despite the fact that 4% of individual eggs are known to be bad. Define the random variable x to be the number of bad eg..
question during may a certain drawbrige over the intercoastal waterway is raised every half hour to allow boats to
The table below lists deaths in Georgia in 2004, the estimated population of Georgia in 1994 and the U.S. population according to the 2000 census. Calculations should be done by hand, but feel free to use software to check your work.
calculate the odds ratio x for the risk between gender and all-cause mortality when age and race are controlled using
1.students at university x must be in one of the class ranks freshman sophomore junior or senior. at university x 35 of
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