7. How many Matlab seat licenses are required for there to be a ~1% steady state probability that no licenses are available, given that the number of students needing to use the software is 3 per minute and each is expected to use the software for 20 minutes (1 student stops using the license per 20 minutes)?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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7. How many Matlab seat licenses are required for there to be a ~1% steady state probability
that no licenses are available, given that the number of students needing to use the software is
3 per minute and each is expected to use the software for 20 minutes (1 student stops using
the license per 20 minutes)?
Transcribed Image Text:7. How many Matlab seat licenses are required for there to be a ~1% steady state probability that no licenses are available, given that the number of students needing to use the software is 3 per minute and each is expected to use the software for 20 minutes (1 student stops using the license per 20 minutes)?
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