Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A small specialized workshop is used to perform periodic check-up on some high-tech devices. The check up is made in three stages whose durations are independent random variables with geometric distribution with averages of 2, 3 and 1 days, respectively, for the 1st, 2nd and 3rd stage. The workshop issmall, only one device can be processed at once. In addition, when a step is completed, the next step of the work can not begin until the beginning of the next day business. When step 3 is completed, the development of the device is terminated and the Work resumed on another device at the beginning of the next business day. Let Xn be the step During the day number n.

(A) show that {Xn, n = 0, 1, 2,. . .} Is an irreducible Markov chain and build its matrix of transition probabilities.

(B) Calculate its stationary probabilities. Note: no matrix inversion is required.

(C) Suppose that the first step requires the presence of three (3) technicians while the second stage involves one(1),and third  requires two (2). On average how many technicians are working each  day?

(D) On average, how many technician-day does it take to make the check-up of a device like this?

 

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9532383

Have any Question?


Related Questions in Statistics and Probability

The interest rate on one-year treasury bonds is 1 the rate

The interest rate on one-year treasury bonds is 1%, the rate on two-year treasury bonds is 0.9%, and the rate on three-year treasury bonds is 0.8%. Using the expectations theory, compute the expected one-year interest ra ...

1 this table summarizes the results from

1) This table summarizes the results from along+termrandomized clinicaltrial to  determine whether aspirin reduces the risk of heart attack. Researchers  randomly assigned a large sample of healthy male physicians (22,07 ...

Suppose thatnbspx1nbspx2 nbspx100nbspis a sample from a

Suppose that  X 1 ,  X 2 , ...,  X 100  is a sample from a normal distribution whose  Sample Mean  has a  N (3,3) distribution. What is the population distribution? (note: specify parameters of the distribution)

The shareholders of a company need to elect six directors

The shareholders of a company need to elect six directors and there are 150,000 shares outstanding. 1). What is the minimum number of shares they need to own to make sure that they can elect at least one director if the ...

The probability of a california teenager owning a surfboard

The probability of a California teenager owning a surfboard is 0.43, of owning a skateboard is 0.38, and of owning both is 0.28. If a California teenager is selected at random, find the probability that he or she owns a ...

Iformatics and financial applicationsbackgroundthe

Informatics and Financial Applications Background The assignment of a payroll calculator demonstrates Excels ability to automate and present financial calculation information clearly. The ability to build and professiona ...

I define the parameter of interest in the context of the

(i) Define the parameter of interest in the context of the problem (ii) State the alternative hypothesis. (iii) State the distribution used to calculate the P-value (not the formula, but the distribution, eg. t distribut ...

To finance additional inventory arbutus ltd is considering

To finance additional inventory, Arbutus Ltd. is considering forgoing the cash discount on all of its purchases presently offered on terms of 2/10, net 45. No payments will be stretched. Annual purchases are $9.21 millio ...

Bowman corp pays a constant 1440 dividend on its stock the

Bowman Corp. pays a constant $14.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever. Required:  If the required return on this stock is 1 ...

Forty-nine percent of us teens have heard of a fax machine

Forty-nine percent of US teens have heard of a fax machine. You randomly select 12 US teens. Find the probability that the number of these selected teens that have heard of a fax machine is exactly six (first answer list ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As