A long-distance taxi service company owns three vehicles. These vehicles are of different ages and have different repair records. The probabilities that, on any given day, each vehicle will be available for use are 0.90, 0.80, and 0.85. Whether one vehicle is available is independent of whether any other vehicle is available. a) Find the probability distribution for the number of vehicles available for use on a given day. (Hint: define a random variable X as the number of vehicles available for use on a given day. Now, figure out how many different values it can assume and what are the corresponding probabilities?) b) Find the expected number of vehicles available for use on a given day. c) Find the standard deviation of the number of vehicles available for use on a given day.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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A long-distance taxi service company owns three vehicles. These vehicles are of
different ages and have different repair records. The probabilities that, on any
given day, each vehicle will be available for use are 0.90, 0.80, and 0.85. Whether
one vehicle is available is independent of whether any other vehicle is available.
a) Find the probability distribution for the number of vehicles available for use
on a given day. (Hint: define a random variable X as the number of vehicles
available for use on a given day. Now, figure out how many different values
it can assume and what are the corresponding probabilities?)
b) Find the expected number of vehicles available for use on a given day.
c) Find the standard deviation of the number of vehicles available for use on a
given day.
d) Suppose that you observe this taxi company for a month (30 days) and you
are particularly interested in the number of days that the company has all
three vehicles available in a month.
i. Discuss under which assumption(s) the binomial model would be a good
fit to answer this question.
ii. What is the probability distribution of the number of days that the com-
pany has all three vehicles available in a month?
iii. What is the probability that there will be exactly 8 days that the company
has all three vehicles available in a month? (You don't need to do the
calculations, it is enough to give the expression that gives the desired
probability)
Transcribed Image Text:A long-distance taxi service company owns three vehicles. These vehicles are of different ages and have different repair records. The probabilities that, on any given day, each vehicle will be available for use are 0.90, 0.80, and 0.85. Whether one vehicle is available is independent of whether any other vehicle is available. a) Find the probability distribution for the number of vehicles available for use on a given day. (Hint: define a random variable X as the number of vehicles available for use on a given day. Now, figure out how many different values it can assume and what are the corresponding probabilities?) b) Find the expected number of vehicles available for use on a given day. c) Find the standard deviation of the number of vehicles available for use on a given day. d) Suppose that you observe this taxi company for a month (30 days) and you are particularly interested in the number of days that the company has all three vehicles available in a month. i. Discuss under which assumption(s) the binomial model would be a good fit to answer this question. ii. What is the probability distribution of the number of days that the com- pany has all three vehicles available in a month? iii. What is the probability that there will be exactly 8 days that the company has all three vehicles available in a month? (You don't need to do the calculations, it is enough to give the expression that gives the desired probability)
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