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(a) Find limt→∞{E [N(t)] - t/X} for a renewal counting process {N(t); t > 0} with inter-renewal times {Xi; i ≥ 1}. Hint: Use Wald's equation.
(b) Evaluate your result for the case in which X is an exponential rv (you already know what the result should be in this case).
(c) Evaluate your result for a case in which E [X] <>∞ and E rX2l = ∞. Explain (very briefly) why this does not contradict the elementary renewal theorem.
Text Book: Stochastic Processes: Theory for Applications By Robert G. Gallager.
Draw a sketch of a sample function of R(t). Given that the first bus arrives at time X1 = x, find the expected number of customers picked up; then find E r(x R(t)dtl, again given the first bus arrival at X1 = x.
question 1a busy landscaping supplies company sells wood chips for garden mulch. the mulch is sold by the cubic metre
Business Ethics present the most moral theories, I would like to contrast the different views on moral theories that may have on capitalism and business.
How many data points can she use in a regression analysis using the data provided and which of the following independent variables explains more than 90 percent of the observed variation in new car sales?
What is the distribution of X and Y and why - Crank is understandably annoyed with this result, but perhaps not quite ready to concede defeat.
Island Publishing Company publishes two types of magazines on a monthly basis: a restaurant and entertainment guide and a real estate guide.
Build a latent variable model for all observations and use auto-fit to determine the number of components. If your software does not have and auto-fit features (cross-validation), then use a Pareto plot of the eigenvalues to decide on the number o..
Management of a golf ball company has carefully screened and selected 12 dozen golf balls, and it is agreed that this sample contains 15 nonconforming balls (all for various cosmetic reasons).
Construct a scatter diagram of the data points and plot the least squares regression line on it. Find the least squares regression line.
Last year Mike bought 100 shares of a common stock at $53 a share. During the year he received dividends of $1.45 a share. The stock is currently selling for $60 per share.
Create a counter argument against the use of CRAs in your current (or future) workplace. Discuss the ethical principles involved in the use of CRAs. Create at least one (1) other option besides CRAs that would address workplace romances.
The project has been delayed three years until FY22. What would be the budget request for FY22 for this effort? (Use the inflation tables at the end of the chapter.)
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