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Power line outages. Seven power lines of different lengths had outages as shown below. The exposure of a line equals its length times the years observed. Assume that the number of outages has a Poisson distribution

(a) Estimate the outage rates (failures per year per mile) for lines 1 and 5

(b) Calculate exact two-sided 95% confidence limits for the outage rate of line 1

(d) Calculate a prediction and exact 90% prediction limits for the number of outages on line 1 in the coming year.

(e) Calculate a prediction and approximate 90% prediction limits for the number of outages on line 5 in the coming year

(f) Criticize all assumptions in (a) through (e).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91781078

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