Homework Help is Here – Start Your Trial Now!
Math
Probability
STAT 202: Individual Assignment x>0 1. Given the Gamma distribution as ƒ(x) = { 10 elsewhere Find the mean and variance of the distribution.

STAT 202: Individual Assignment x>0 1. Given the Gamma distribution as ƒ(x) = { 10 elsewhere Find the mean and variance of the distribution.

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.5: Exponential And Logarithmic Models
Problem 4ECP
See similar textbooks
icon
Related questions
Question
STAT 202: Individual Assignment x>0 1. Given the Gamma distribution as f(x) =- elsewhere Find the mean and variance of the distribution. 2a. Suppose that a large conference room for a certain hotel can be reserved for no more than 4 hours. However, the use of the conference room is such that both long and short conferences occur quite often. In fact, it can be assumed that length X of a conference has a uniform distribution on the interval [0, 4]. i. Determine the probability density function ii. What is the probability that any given conference last at least 3 hours? b. A cement wholesale distributor has a large store that hold fixed supplies and are filled every Sunday. Of interest to the wholesaler is the proportion of this supply that is sold during the week. Over many weeks of observation, the distributor found out that this proportion could be modeled by a beta distribution with a = 4 and ß = 2 . Find the probability that the wholesaler will sell at least 90% of his stock in a given week. 3. A random variable X has the density function given by; x20 f(x) = Find the Moment generating function. otherwise [3x, 4a. Given the pdf f (x) = { 0<x<l elsewhere and Y = 2X +1
Transcribed Image Text:STAT 202: Individual Assignment x>0 1. Given the Gamma distribution as f(x) =- elsewhere Find the mean and variance of the distribution. 2a. Suppose that a large conference room for a certain hotel can be reserved for no more than 4 hours. However, the use of the conference room is such that both long and short conferences occur quite often. In fact, it can be assumed that length X of a conference has a uniform distribution on the interval [0, 4]. i. Determine the probability density function ii. What is the probability that any given conference last at least 3 hours? b. A cement wholesale distributor has a large store that hold fixed supplies and are filled every Sunday. Of interest to the wholesaler is the proportion of this supply that is sold during the week. Over many weeks of observation, the distributor found out that this proportion could be modeled by a beta distribution with a = 4 and ß = 2 . Find the probability that the wholesaler will sell at least 90% of his stock in a given week. 3. A random variable X has the density function given by; x20 f(x) = Find the Moment generating function. otherwise [3x, 4a. Given the pdf f (x) = { 0<x<l elsewhere and Y = 2X +1
Expert Solution
steps

Step by step

Solved in 2 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
SEE MORE TEXTBOOKS