Find the expected number of customers picked up

Assignment Help Advanced Statistics
Reference no: EM13909372

Customers arrive at a bus stop according to a Poisson process of   rate λ. Independently, buses arrive according to a renewal process with the inter-renewal interval CDF F(x). At the epoch of a bus arrival, all waiting passengers enter the bus and the bus leaves immediately. Let R(t) be the number of customers waiting at time t.

(a) Draw a sketch of a sample function of R(t).

(b) Given that the first bus arrives at time X1 = x, find the expected number of customers picked up; then find E r(R(t)dtl, again given the first bus arrival at X1 = x.

(c) Find limt→∞ [(0 R(τ )dτ ]/t (WP1). Assuming that Fis a non-arithmetic distribution, find limt→∞ E [R(t)]. Interpret what these quantities mean.

(d) Use (c) to find the time-average expected wait per customer.

(e) Find the fraction of time that there are no customers at the bus stop. Hint: This part is independent of (a), (b), and (c); check your answer for E [X] « 1.

Text Book: Stochastic Processes: Theory for Applications By Robert G. Gallager.

Reference no: EM13909372

Questions Cloud

Bonds two years ago at a coupon rate : Heginbotham Corp. issued 10-year bonds two years ago at a coupon rate of 8.7 percent. The bonds make semi annual payments. If these bonds currently sell for 108 percent of par value, what is the YTM?
The book value of this debt issue : Jiminy's Cricket Farm issued a 30-year, 7.4 percent semi annual bond 6 years ago. The bond currently sells for 85 percent of its face value. The book value of this debt issue is $108 million.
What price to sell them that product : If you are renewing a contract with a company where inflation is expected to occur, would you increase or decrease the products sold there? You expect payments with their currency. How would you determine when to get paid and at what price to sell th..
Accounts receivable balance at the end of previous quarter : The accounts receivable balance at the end of the previous quarter was $86,000 ($59,000 of which was uncollected December sales). Compute the sales for November. Compute the sales for December.
Find the expected number of customers picked up : 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.
Consistent with the semi-strong form of market efficiency : Geothermal corporation issued a press release before the stock market opened announcing that its earnings are above last year’s earnings. Explain how each of the following individual scenarios could be consistent with the semi-strong form of market e..
Describe the independent variable-dependent variable : Describe a regression relationship you think might exist. Be sure to describe the independent variable, dependent variable, and the type of relationship you think would exist (positive or negative)
Should the firm increase or decrease r and d spending : Should they increase marketing spending? If so, by how much and where should it be allocated. Should online marketing spending and international marketing increase by more than print ads? Justify any additional spending that is recommended.
Prepare a contribution margin income statement : Refer to Exercise 21-10. In 21 10, Blanchard Company manufactures a single product that sells for $ 180 per unit and whose total variable costs are $ 135 per unit.

Reviews

Write a Review

Advanced Statistics Questions & Answers

  Relationship between speed, flow and geometry

Write a project proposal on relationship between speed, flow and geometry on single carriageway roads.

  Logistic regression model

Compute the log-odds ratio for each group in Logistic regression model.

  Logistic regression

Foundations of Logistic Regression

  Probability and statistics

The tubes produced by a machine are defective. If six tubes are inspected at random , determine the probability that.

  Solve the linear model

o This is a linear model. If your model needs a different engine, then you need to rethink your approach to the model. Remember, there are no IF, Max, or MIN statements in linear models.

  Plan the analysis

Plan the analysis

  Quantitative analysis

State the hypotheses that you are going to test.

  Modelise as a markov chain

modelise as a markov chain

  Correlation and regression

What are the degrees of freedom for regression

  Construct a frequency distribution for payment method

Construct a frequency distribution for Payment method

  Perform simple linear regression

Perform simple linear regression

  Quality control analysis

Determining the root causes

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd