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Suppose the arrival times of phone calls in a help centre follow a Poisson process with rate 20 per hour (so the inter-arrival times are independent exponential random variables).
Management are interested in simulating the arrival process in order to decide whether to employ a new customer's services representative.
(a) Use the internet or a text book to find an example of a congruential unit random number generator that is different to the one given in the lecture notes and lab Exercises.
(b) Use your random number generator to explain why random numbers generated on a computer are called 'pseudo random numbers'.
(c) Use your random number generator to generate 3 unit random numbers. State what 'seed' is used and explain how this can be used to repeat simulation experiments.
(d) Assuming the memory less property and a starting time of 1pm, use your simulated unit random numbers above to generate the arrival times of the next 3 calls arriving at the centre.
YTM can be determined using the price formula of a bond. Part a The present value (price) formula for a zero coupon bond is: PV = F/(1+i) n Plugging in the given inf
Which type of correlation would be appropriate to calculate for the each of the following sets of data? A. Correlating gender and year in college (freshman, sophomore, junior,
standard material qty per unit- 2 kg standard price per kg - 4 rs actual value of material purchased- 4000 rs closing stock- 200 kg actual usage- 2.5 kg finished stock sold- 200 u
explain all the nature of statistics
How did round trip transactions violatet the revenue recognition principle?
For our class homework we prepared a 3-month forecast for sales (12 months with actual sales for each month). What or how do we figure the absolute deviation of the 3-month foreast
difference between historigram and histogram?
A. If CD players are able to use the LDD strategy better than pure chance then explain what happens to the signal reliability ration as a CD player detects more cautiously B. As
the guinegog is a trader in portable cd-man. His budgeted output is 5000 units per quarter. The following data was available for the year 1998: Direct labour @ $6 Direct material @
The data in the table below are the results of a random sample of recent home sales in your neighborhood that your boss has asked you to use to estimate the relationship between th
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