Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Smith works on a temporary basis. The mean length of each job he gets is three months. If the amount of time he spends between jobs is exponentially distributed with mean 2, then at what rate does Mr. Smith get new jobs? 3. Each time a machine is repaired it remains up for an exponentially distributed time with rate . It then fails, and its failure is either of two types. If it is a type 1 failure, then the time to repair the machines is exponential with rate 1 ; if it is a type 2 failure, then the repair time is exponential with rate 2 . Each failure is , independently of the time it took the machines to fail, a type 1 failure with probability p and a type 2 failure with probability 1 P. What proportion of time is the machine down due to a type 1 failure? What proportion of time is the machine down due to a type 2 failure? What proportion of time is it up?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9418828

Have any Question?


Related Questions in Statistics and Probability

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. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer ...

In 2013 gallup conducted a poll and found a 95 confidence

In 2013, Gallup conducted a poll and found a 95% confidence interval of the proportion of Americans who believe it is the government's responsibility for health care. Give the statistical interpretation.

How does a histogram help us know the probability of

How does a histogram help us know the probability of getting a certain value for a variable? In other words how does the histogram relate to probability?

What types processes or procedures support project

What types processes or procedures support project management, continuous improvement and innovative initiatives?

Please show all worka pair of dice is tossed and the face

Please show all work. A pair of dice is tossed and the face number of each die is recorded. Assuming the dice are fair, what's the probability of the sum of the die faces showing is even?

1 three-circle red-on-white is one distinctive pattern

1) Three-circle, red-on-white is one distinctive pattern painted on ceramic vessels of the Anasazi period found at an archaeological site. At one excavation, a sample of 165 potsherds indicated that 74 were of the three- ...

Hospital waiting room times are normally distributed with a

Hospital waiting room times are normally distributed with a mean of 38.12 minutes and a standard deviation of 8.63 minutes. What is the shortest wait time that would still be in the worst 20% of wait times?

In a random sample of 100 college student 60 were females

In a random sample of 100 college student 60 were females, 65 were under 21 years of age and 15 males were 21 years of age or older, a student is selected at random from the sample. What is the probability that a female ...

Question 1 the us census bureau needs to estimate the

Question 1. The U.S. Census Bureau needs to estimate the median income of females in the U.S. They collect incomes from 3500 females. Choose the best answer. Justify for full credit. (a) Which of the followings is the va ...

What type of data values are quantitative and the number of

What type of data values are quantitative and the number of values is finite or countable?

  • 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