The daily consumption of electric power

Reference no: EM131128952

In a certain city, the daily consumption of electric power in millions of kilowatt-hours can be treated as a random variable having a gamma distribution with α = 3 and β = 2. If the power plant of this city has a daily capacity of 12 million kilowatt-hours, what is the probability that this power supply will be inadequate on any given day?

Reference no: EM131128952

Questions Cloud

What is the difference between a hostile takeover and merger : What is the difference between a hostile takeover and a merger?

Pipettor calibration check : Are my electronic pipettors operational? - What are the limits in which the protein concentration could be determined experimentally?

Random variable having the uniform density : A point D is chosen on the line AB, whose midpoint is C and whose length is a. If X, the distance from D to A, is a random variable having the uniform density with α = 0 and β = a, what is the probability that AD, BD, and AC will form a triangle?

Why would an investment banker advise a firm to issue : Why would an investment banker advise a firm to issue a security using best efforts rather than underwriting?

The daily consumption of electric power : In a certain city, the daily consumption of electric power in millions of kilowatt-hours can be treated as a random variable having a gamma distribution with α = 3 and β = 2.

Describe how marketing efforts and marketing mix will change : In 530 words please describe how marketing efforts and marketing mix will change with each phase in the product life cycle of a fictitious summer makeup kit from MAC Cosmetics' that focuses that includes a bronzer, highlighter, blush, BB Cream, li..

Which is the best policy while driving : What kind of agent design is necessary to carry out the policy (reflex, model-based, goal-based, or utility-based)?

What were paul out of pocket costs from the incident : His car insurance has a $500 deductible, after which the full loss is paid. His health insurance has a $100 deductible and covers 75% of medical cost (total). What were Paul’s out-of-pocket costs from the incident?

Company employ to maximize the expected profit : If a company employs n salespersons, its gross sales in thousands of dollars may be regarded as a random variable having a gamma distribution with α = 80√n and β = 2.

User Account

All Pages