Answered: Explain in general terms the…

Explain in general terms the relationship that exists between the Poisson and exponential distribution and some example that demonstrates it

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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The cost of all maintenance for a car during its first year is approximately exponentially distributed with a mean of $131. The lambda of this distribution is The probability that the cost is larger than $157 is P(x ≥ $157) = The probability that the cost is less than $97 is P(x ≤ $97) = The probability that the cost is between $121 and $143 is P($121 ≤ x ≤ $143) = The 20th percentile is cost of maintenance $
Broad Explanation Please The operator of a pumping station has observed that demand for water during early afternoon hours has an approximately exponential distribution with mean 1000 cfs (cubic feet per second). a) What water-pumping capacity should the station maintain during early afternoons so that the probability that demand will be below the capacity on a randomly selected day is 0.995? b ) Of the three randomly selected afternoons, what is the probability that on at least two afternoons the demand will exceed 700 cfs?
A test has been devised to measure a student's level of motivation during high school. The motivation scores on this test are approximatley normally distributed with a mean of 40 and a standard deviaton of 10. The higher the score the greater the motivation to do well in school. What percentage of students taking his test will score above a 50?
The lifetime (in years) of a specific helicopter part follows an exponential distribution whoseexpectation is 4 years.(a) What is the probability that one of these parts will stay operational for more than 4.4 years?(b) What is the probability that one of these parts will stay operational between 2.5 and 4 years.
Serial correlation, also known as autocorrelation, describes the extent to which the result in one period of a time series is related to the result in the next period. A time series with high serial correlation is said to be very predictable from one period to the next. If the serial correlation is low (or near zero), the time series is considered to be much less predictable. For more information about serial correlation, see the book Ibbotson SBBI published by Morningstar. A research veterinarian at a major university has developed a new vaccine to protect horses from West Nile virus. An important question is: How predictable is the buildup of antibodies in the horse's blood after the vaccination is given? A large random sample of horses were given the vaccination. The average antibody buildup factor (as determined from blood samples) was measured each week after the vaccination for 8 weeks. Results are shown in the following time series. Original Time Series Week Buildup Factor 2 3 4…
A five years Business Informatics student studying at TU Wien does some temporary substitute work on the banking sector every 31 days on average, and this time follows an exponential distribution. After acquiring one of these works, its duration is also aleatoric, exponentially distributed and its mean duration is 60 daysThe money earned depends on the total number of days worked in each contract, paid at $100 daily. For unemployment periods, the student has taken out an insurance for which $50 is paid for each day on the dole. Build a queuing model to establish the mean annual income (1 year = 365 days) that the student earns. (Hint: single server, finite customer population of 1.)
Serial correlation, also known as autocorrelation, describes the extent to which the result in one period of a time series is related to the result in the next period. A time series with high serial correlation is said to be very predictable from one period to the next. If the serial correlation is low (or near zero), the time series is considered to be much less predictable. For more information about serial correlation, see the book Ibbotson SBBI published by Morningstar. An Internet advertising agency is studying the number of "hits" on a certain web site during an advertising campaign. It is hoped that as the campaign progresses, the number of hits on the web site will also increase in a predictable way from one day to the next. For 10 days of the campaign, the number of hits × 105 is shown. Original Time Series Day 1 2 3 4 5 6 7 8 9 10 Hits × 105 1.3 3.5 4.4 7.2 6.8 8.3 9.0 11.3 13.1 14.7 Test ρ > 0 at the 1% level of significance. (Use 2 decimal places.) t
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