Example The lifetime (in years) of a certain brand of battery is exponentially distributed with A = 0.25. %3D How long, on average, will the battery last?
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Q: 38. What rate of interest compounded continuously will yield an effective interest rate of 6%?
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A: Suppose 600g of a radioactive substance are present initially and 3 yrs later only 300g remain .…
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Q: A POPULATION OF INSECTS GROWS THERE Wtrt 170 INECTS AFTER THE THIRD DAY EXPONENTIALLY. OF THE…
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A: Given, Amount invested = $17,000 Future value = $25,000 time in years = 10 Used formula, Formula for…
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A: Given: Principal investment (P)= $1000 Final amount (A)= $3000 Rate (R)= 5 % Let time be t years…
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A: Monthly growth percentage of exponential function is 3%.
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Q: Suppose you invest $16,000 at age 25 and want the investment to be worth $25,000 when you turn 35.…
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Q: Why does the formula for exponential growth look familiar?
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Q: A fish population starts at 8,000 and decreases by 6% per year. Write an exponential decay function,…
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Q: What is the exponentially rate of 0.85% every what ?
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Q: Which function produces an exponential graph through (0, 1) and (1, e)?
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Q: Radioactive radium has a half-life of approximately 1599 years. What percent of a given amount…
A: A(t)=A012thh is the half lifeA(t) is the amount after t years.A0 is the initial value.
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Q: Suppose you invest $14,000 at age 25 and want the investment to be worth $25,000 when you turn 35.…
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- Find the positive geometric mean between 4 and 64.Lost-time accidents occur in a company at a mean rate of 0.3 per day. What is the probability that the number of lost-time accidents occurring over a period of 7 days will be exactly 3? Assume Poisson situation. P(X=3)Consider that the life time of a particular brand of laptop battery follows exponential distribution with an average lifetime 10 years. Again consider that you have this particular brand of a laptop battery which is 7 years old and still functioning. Find the probability that your laptop battery will alive 8 moreyears. Explain the procedure or methodology that you have used to solve this problem.
- A tubes lifetime for your company's microwave follow an exponential distribution with a mean of 5.6 years. Your sales policy states that each magnetron tube has a two year warranty. What fraction of the tubes should your company plan to replace under warranty?Old Faithful is a geyser located in Yellowstone National Park in Wyoming, USA. Millions of travelers come from afar to witness Old Faithful's eruptions each year. The data provided show the waiting time until the next eruption for 272272 Old Faithful eruptions in 1990. Suppose that prior to 1990, travelers to Yellowstone are told that Old Faithful is expected to erupt, on average, every 6969 minutes, and park scientists believe that this average is no longer true. Suppose that, based on historical data available over several decades, the scientists are comfortable assuming that all eruption waiting times have a known standard deviation of 17.24817.248 minutes. 54 74 62 85 55 88 85 51 85 54 84 78 47 83 52 62 84 52 79 51 47 78 69 74 83 55 76 78 79 73 77 66 80 74 52 48 80 59 90 80 58 84 58 73 83 64 53 82 59 75 90 54 80 54 83 71 64 77 81 59 84 48 82 60…There are M different books in the library. Each of the M books lasts an exponential amount of time with mean mu before its stolen. Assume that each book is stolen independently. The librarian will quit when the first one of the books is stolen. What is the distribution for the length of time the librarian lasts in the library?
- A share follows a discrete-time log-normal process with initial price ?=£3000, u=0.02, and o2=0.015, where the time-step is 1 year. Find the probability that a European call on the share with strike price £3300 and expiry date 4 years will be exercised. State your answer as a decimal to three significant figures.Drivers arrive at a toll booth at a rate of 3 per minute during peak traffic periods. The time between consecutive driver arrivals follows an exponential distribution. What is the probability that takes less than 1/2 of a minute between consecutive drivers?For a specific site, earthquakes above magnitude 7 have a return period of 500 years. We are designing a dam with a design life of 100 years. We want to design this dam with a 1% probability of damage during it’s lifetime. Effects of each earthquake are statistically independent. a) Assuming that you can model magnitude 7 earthquakes following a Bernoulli sequence, what is the probability of damage to the dam by a single earthquake? b) What would be the probability of damage to the dam in the next 40 years? Use the results of part a and assume that this can be modeled as a Poisson process.
- The lifetime of a certain type of TV remote control is given by Y . Suppose Y has approximately exponential distribution with mean 8 years. a) Find the probability that a remote control of this type will last more than 15 years. b) Find the probability that of eight such remote controls at least one will last more than 15 years.Consider that the lifetime of a particular brand of laptop battery follows an exponential distribution with an average lifetime of 10 years. Again consider that you have this particular brand of laptop battery which is 7 years old and still functioning. Find the probability that your laptop battery will alive for 8 more years. Explain the procedure or methodology that you have used to solve this problem.Previously, De Anza's statistics students estimated that the amount of change daytime statistics students carry is exponentially distributed with a mean of $0.88. Suppose that we randomly pick 25 daytime statistics students. Find the probability that an individual had between $0.80 and $1.00. Graph the situation, and shade in the area to be determined.