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Statistics
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Statistics for Management and Economics
Quiz 8: Continuous Probability Distributions
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Question 141
Short Answer
If X has an exponential distribution,then f(x)approaches ____________________ as x approaches infinity.
Question 142
Short Answer
Truck Salesman A used truck salesman in a small town states that,on the average,it takes him 5 days to sell a truck.Assume that the probability distribution of the length of time between sales is exponentially distributed. -{Truck Salesman Narrative} What is the probability that he will have to wait between 6 and 10 days before making another sale?
Question 143
Short Answer
Truck Salesman A used truck salesman in a small town states that,on the average,it takes him 5 days to sell a truck.Assume that the probability distribution of the length of time between sales is exponentially distributed. -{Truck Salesman Narrative} What is the probability that he will have to wait at least 8 days before making another sale?
Question 144
Short Answer
If X has an exponential distribution with parameter λ,then the mean of X is ______________.
Question 145
Essay
Counter Sales suppose that customers arrive at a counter at an avarage rate of three customers per minute and their arrivals follow the poisson model. -{Counter Sales Narrative} Write the probability density function of the distribution of the time that will elapse before the next customer arrives.
Question 146
Short Answer
If X has an exponential distribution with parameter λ,then f(0)= ____________________.
Question 147
Short Answer
Repair Time The time it takes a technician to fix a telephone problem is exponentially distributed with a mean of 15 minutes. -{Repair Time Narrative} What is the probability density function for the time it takes a technician to fix a telephone problem?
Question 148
Short Answer
Repair Time The time it takes a technician to fix a telephone problem is exponentially distributed with a mean of 15 minutes. -{Repair Time Narrative} What is the probability that it will take a technician between 10 to 15 minutes to fix a telephone problem?
Question 149
Short Answer
Counter Sales suppose that customers arrive at a counter at an avarage rate of three customers per minute and their arrivals follow the poisson model. -{Counter Sales Narrative} Use the appropriate exponential distribution to find the probability that the next customer will not arrive within the next 2 minutes.
Question 150
Essay
Let X be an exponential random variable with λ = 1.50.Find the following: a.P(X ≥ 2) b.P(X ≤ 4) c.P(1 ≤ X ≤ 3) d.P(X = 1)
Question 151
Short Answer
The y-intercept of the density function for an exponential distribution with parameter 10 is ____________________.
Question 152
Essay
Light Bulb Lifetime The lifetime of a light bulb (in hours)is exponentially distributed with λ = 0.008. -{Light Bulb Lifetime Narrative} Find the probability that a light bulb will last between 120 and 140 hours.