Determine the numerical values to two decimal places

Assignment Help Applied Statistics

Reference no: EM13743427

1)Customers enter a store according to a Poisson process of rate A = 6 per hour. Suppose it is known that but a single customer entered during
the first hour. What is the conditional probability that this person entered during the first fifteen minutes?
2Let {X(t); t >= 0) be a Poisson process having rate parameter lambda= 2. Determine the numerical values to two decimal places for the following
probabilities:
(a) Pr{X(1) <= 2}.
(b) Pr{X(1) = 1 and X(2) = 3).
(c) Pr{X(1) >= |X(1) >= 1)
3)Let {X(t); t >= 0) be a Poisson process having rate parameter lambda= 2.
Determine the following expectations:
(a) E[X(2)].
(b) E[{X(1)}^2]
(c) E[X(1) X(2)].

Reference no: EM13743427

Questions Cloud

Firm quick ratio of nelson company : The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory.

A variable for each measurement scale : 1. Briefly describe your area of research interest (1-3 sentences is sufficient).2. List 4 variables that you might assess in a research project related to your research area. List one for each type of measurement scale: Nominal, ordinal, interval, a..

Determine the net present value and draw a decision tree : Draw a decision tree (you may draw it by hand or electronically) and considering a time value of money discount rate of 12%, determine the Net Present Value (NPV)?

Change in the corporate logo and trademark : Mega Corporation has developed a strategic plan that calls for an emphasis on appealing to a younger demographic. If it decided that such an appeal to a younger market would necessitate a change in the corporate logo and trademark, such changes wo..

Determine the numerical values to two decimal places : 1)Customers enter a store according to a Poisson process of rate A = 6 per hour. Suppose it is known that but a single customer entered during the first hour. What is the conditional probability that this person entered during the first fifteen minut..

What options of basic supplier management available : What options are available to Greg through basic supplier management? What actions do you recommend

Organizing a rock concert to benefit amnesty international : You are organizing a rock concert to benefit Amnesty International. The concert is to be held in a football stadium that has a seating capacity of 56,000. There are two types of seating: reserved and general.

Right for the wife to refuse to have children : 1) The 1996 GSS asked, "If the husband in a family wants children, but the wife decides that she does not want any children, is it all right for the wife to refuse to have children?" Of 708 respondents, 576 said yes.A) Find a 99% confidence interval ..

Firm in a perfectly competitive industry : Firm in a perfectly competitive industry - positive economic profits act

User Account

All Pages