Reference no: EM13973703
The federal mint uses a stamping machine to make coins. Each stamping produces 10 coins. The number of the stamping at which the machine breaks down and begins to produce defective coins can be viewed as the outcome of a random variable, X , having a probability density function with general functional form f(x) = a( l - tw-l /11,2,3, ...i(x), where ,8 E (0, 1).
a. Are there any constraints on the choice of a for f(x) to be a probability density function? If so, precisely what are they?
b. Is the random variable X a discrete or a continuous random variable? Why?
c. It is known that the probability the machine will break down on the first stamping is equal to .05. What is the specific functional form of the proba bility density function f(x)? What is the probabil ity that the machine will break down on the tenth stamping?
d. Derive a functional representation for the cumulative distribution function corresponding to the random variable X . Use it to assign the appropriate probability to the event that the machine does not break down for at least 10 stampings.
e. What is the probability that the machine does not break down for at least 20 stampings, given that the machine does not break down for at least 10 stampings?
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