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A gas station with only one gas pump employs the following policy: If a customer has to wait, the price is $2.5 per gallon; if she does not have to wait, the price is $3 per gallon. Customers arrive according to a Poisson process with a mean rate of 8 per hour. Service times at the pump have an exponential distribution with a mean of 4 minutes. Arriving customers always wait until they can eventually buy gasoline. Determine the expected price of gasoline per gallon.
a sports league is making up their season schedule. the league has 12 teams with eight teams from la and the rest from
1 a.) Find the FV of $100 after 5 years with 10% nominal rate compounded semiannually.
The risk rate of return is currently 0.05, whereas the market risk premium is 0.05. if the beta of RKP, inc ,stock is 1.9 , then what is the expected return on
Define the experiment and describe one sample point. Assume that you need to describe only the two jurors chosen and not the order in which they were selected. List the sample space associated with the experiment.
(a) Is this an experiment or observational study? Why? (b) What is the response variable?
A normal distribution with a mean of 33 oz. and a standard deviation of 0.8 oz. What proportion of packets are underweight (i.e., weigh less than 32 oz.)?
an economist wants to estimate the mean income for teh first year work for a college graduate who has had the profound
Many comforters contain both white feathers and down in order to provide a warm, soft cover. A bed-and-bath company would like to expand
there are six identical elements in active parallel configuration with a time to failure density function of
Physical Sciences- Is this an observational or an experimental study?- What is the variable of interest?- Describe a technique to randomly assign each plane to a chemical group.
Records show that 13% of all college students are foreign students who also smoke. It is also known that 25% of all foreign college students smoke. What percent of the students at this university are foreign?
What is your initial perception of this information? What are other ways, beyond looking at the p-value alone, you could use to try to interpret what this outcome of r(2398) = -.21 tells us about the relationship between length of time taking drug..
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