Question the life span of an electrical component has the, Ask an Expert

Statistics

Question: The life span of an electrical component has the exponential distribution with parameter λ = 0.013. Let X₁, ... , X₁₀₀be a simple random sample of 100 life times of such components.

(a) What will be the approximate value of their average X¯?

(b) What can be said about the probability that X¯ will be within 15.38 units from the population mean? (Hint. The mean and variance of a random variable having the exponential distribution with parameter λ are 1/λ and 1/λ², respectively.)

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92577940

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Approximately once a month cars are shipped from rotterdam

Approximately once a month cars are shipped from Rotterdam, Holland to Lagos, Nigeria. The past data collection indicates that the weight of a car is normally distributed with the mean of 1,070 kg and the standard devia ...

Where do cfos get their money newswhere do cfos get their

Where do CFOs get their money news? Where do CFOs get their money news? According to Robert Half International, 47% get their money news from newspapers, 15% get it from communication/colleagues, 12% get it from televi ...

How can a graph or chart of data help you understand the

How can a graph or chart of data help you understand the results? What is a frequency table? Describe an example where a frequency table can be used in life.

Suppose you want to calculate the z-score for your height

Suppose you want to calculate the? z-score for your height. How will the? z-scores compare if you use your height in inches verses? centimeters?

The caloric consumption ofnbsp44nbspadults was measured and

The caloric consumption of 44 adults was measured and found to average 2,113. Assume the population standard deviation is 270 calories per day. Construct confidence intervals to estimate the mean number of calories consu ...

The rate of inflation in year 1 is expected to be 14 year

The rate of inflation in year 1 is expected to be 1.4%, year two is 1.8%, and years three through five is expected to be 2%. Assume the real risk-free rate, r*, is 3% for all maturities. What should the yield to maturity ...

A clothing quality director determines the accuracy of nfl

A clothing quality director determines the accuracy of NFL Logos on t-shirts. 9% of the shirts made that day are defective. The shirts are sold in packages of 10. Find the probability that in one randomly selected packag ...

Jen and barry get sued by ben amp jerrys for trademark

Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose ...

Your supervisor comes to you and says she would like a

Your supervisor comes to you and says she would like a marketing research study. She says there is a budget of $30,000. She would like to conduct a simple random sample of consumers interested in using the services of th ...

A mental health treatment center wanted to compare group

A mental health treatment center wanted to compare group therapy vs. individual therapy. They are interested in the relationship between treatment type (group, individual) and treatment completion (yes/no). What type of ...

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

Recent Questions

Ask Statistics and Probability Expert