1. What are four common probability distribution used for studying stochastic processes? You should recognize them based on type of their graphs.   2. Broken processes are the results of what? 3. What are the advantages of business process analysis?

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Imagine that you are training to run a half-marathon and so every week you have 2 intense days, 3 light days, and 2 rest days. On your intense days you run 16 km, on your light days you run 5 km, and on your rest days you do not run. How would you model your miles run per day as a random variable? (Hint: probability distribution)

Quantitative Techr 15. the recent pace of economic recovery, has developed several sales forecasts and the estimated probability associated with each sales forecast. Sweet Company is preparing its budget and, taking into consideration purposes, which one of the following techniques should Sweet use? Expected value analysis. To determine the sales forecast to be used for budgeting a. b. Continuous probability simulation. Exponential distribution analysis. d. Sensitivity analysis. C. (CMA, Adapted) 16. Under favorable weather conditions, the management of Forever Farms expects its rice crop subject to pests has an expected market value of P80,000. If Forever protects the rice against pests, the market value of the crop is still expected to be P120,000 under pest-free conditions and P180,000 if pests are present. What must be the probability of pests for Forever to be indifferent to spending P20,000 for tents to provide pest protection? 0.167 crop to have a P120,000 market value. An…

Find the expected value for the random variable whose probability function graph is displayed here AP 0.5- 0.4- 0.3- 0.2- 0.1- 0- 1 2 34 5

Please provide steps for how you got the solution to the problem provided below, I am trying to understand the problem, not just see an answer. Thank you so much. A manufacturing line produces a variety of components, one every 10 minutes. Due to uncertainties in the manufacturing process, components are produced randomly. Specifically, the next produced component is of type A with probability 0.2, of type B with probability 0.15 and of some other type the rest of the time. A particular product consists of three total components, 1 of type A and 2 of type B. A robot is assembling the units of this product one at a time. The robot is located at the end of the production line and collects a required component as soon as it is outputted by the line. If a component is not collected by the robot, because it is not needed for the current assembly, it moves past and is used elsewhere. Once one unit of product is assembled, it is shipped and a new assembly starts. Shipment procedure also…