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A truck driver is waiting to join the traffic on the service road of a highway. The truck driver blocks the service road for four seconds when he joins the traffic. Suppose that vehicles arrive according to a Poisson process and that six seconds elapse, on average, between two consecutive vehicles. Answer the following questions by assuming that the truck driver makes sure that he has enough time to perform his maneuver before merging into the traffic.
(a) What is the probability that the truck driver is able to join the traffic immediately on his arrival at the intersection with the service road?
(b) What is the mathematical expectation of the gap (in seconds) between the truck and the nearest vehicle when the truck driver merges into the traffic?
(c) Calculate the average number of vehicles that the truck driver must let go by before being able to merge into the traffic.
Create a stem-and-leaf display of these data. Create a box plot of these data.
ABC insurance sells term life insurance policies. If the plicy holder dies during the term of the policy ABC pays out $100000. If the person does not die ABC pays nothing and there is no further value to the policy.
At the .05 significance level, can we conclude that the guideline is still reasonable?
Find out best decision, by using following decision criteria.
I performed a linear regression for the Population to the monthly profit, but do not understand how to use the information. And I do not understand the confidence interval estimate; how do I use and decipher the info.
In studies examining the effect of humour on interpersonal attraction, McGee and Shevlin (2009) found that an individual's sense of humor had a significant effect on how the individual was perceived by others.
In 2003, it was reported that 40% of all car accidents in Connecticut were alcohol related. Find the probability that fewer than 36 were alcohol related
The estimates for the standard deviations for both Exports and Imports were slightly modified downwards and were 12 B$ and 16 B$ respectively. The mean values were unchanged. Taking these changes into account, re-calculate the probability that the..
suppose that x is a variable that has poisson distribution and satisfies pxgt1 0.6what is px6?what is
What is the difference between an independent and a dependent variable? Does a regression model imply causation? Why or why not?
How much better or worse off is the individual at the end of 5 years if he chooses the second alternative instead of the first, assuming that at time 5 the interest rate for this class of bonds is (a) 4%, (b) 7%?
Although Bob raised the price to $1.75, sales of quarter-pound burgers rose to 8,200. Explain why this does not represent a violation of the law of demand.
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