The lifetime of a bulb is modeled as a Poisson variable. You have two bulbs types A and B with expected lifetime 0.25 years and 0.5 years, respectively. When a bulb's life ends, it stops working. You start with new bulb of type A at the start of the year. When it stops working, you replace it with a bulb of type B. When it breaks, you replace with a type A bulb, then a type B bulb, and so on. 1. Find the expected total illumination time (in years), given you do exactly 3 bulb replacements. 2. Your replacements are now probabilistic. If your current bulb breaks, you replace it with a bulb of type A with probability p, and with type B with probability (1 – p). Find the expected total illumination time (in years), given you do exactly n bulb replacements, and start with bulb of type A. Answer for part 2 exists in closed form in terms of n and p.

The lifetime of a bulb is modeled as a Poisson variable. You have two bulbs types A and B with expected lifetime 0.25 years and 0.5 years, respectively. When a bulb's life ends, it stops working. You start with new bulb of type A at the start of the year. When it stops working, you replace it with a bulb of type B. When it breaks, you replace with a type A bulb, then a type B bulb, and so on. 1. Find the expected total illumination time (in years), given you do exactly 3 bulb replacements. 2. Your replacements are now probabilistic. If your current bulb breaks, you replace it with a bulb of type A with probability p, and with type B with probability (1 – p). Find the expected total illumination time (in years), given you do exactly n bulb replacements, and start with bulb of type A. Answer for part 2 exists in closed form in terms of n and p.

Name: The lifetime of a bulb is modeled as a Poisson variable. You have two
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: The lifetime of a bulb is modeled as a Poisson variable. You have two bulbs typesA and B with expected lifetime 0.25 years and 0.5 years, respectively. When abulb's life ends, it stops working. You start with new bulb of type A at the start ofthe ye

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

The lifetime of a bulb is modeled as a Poisson variable. You have two bulbs types A and B with expected lifetime 0.25 years and 0.5 years, respectively. When a bulb’s life ends, it stops working. You start with new bulb of type A at the start of the year. When it stops working, you replace it with a bulb of type B. When it breaks, you replace with a type A bulb, then a type B bulb, and so on. 1. Find the expected total illumination time (in years), given you do exactly 3 bulb replacements. 2. Your replacements are now probabilistic. If your current bulb breaks, you replace it with a bulb of type A with probability p, and with type B with probability (1 – p). Find the expected total illumination time (in years), given you do exactly nn bulb replacements, and start with bulb of type A. Answer for part 2 exists in closed form in terms of n and p.
The lifetime of a bulb is modeled as a Poisson variable. You have two bulbs types A andB with expected lifetime 0.25 years and 0.5 years, respectively. When a bulb’s life ends, it stops working. You start with new bulb of type A at the start of the year. When it stopsworking, you replace it with a bulb of type B. When it breaks, you replace with a type Abulb, then a type B bulb, and so on.1. Find the expected total illumination time (in years), given you do exactly 3 bulb re-placements2. Your replacements are now probabilistic. If your current bulb breaks, you replaceit with a bulb of type A with probability p, and with type B with probability (1 –p). Find the expected total illumination time (in years), given you do exactly n bulbreplacements, and start with bulb of type A
The lifetime of a bulb is modeled as a Poisson variable. You have two bulbs types A andB with expected lifetime 0.25 years and 0.5 years, respectively. When a bulb’s life ends, it1MA6.101Probability And Statistics ASSIGNMENT 3 Due by : 11:59 PM, Nov 4thstops working. You start with new bulb of type A at the start of the year. When it stopsworking, you replace it with a bulb of type B. When it breaks, you replace with a type Abulb, then a type B bulb, and so on.1. Find the expected total illumination time (in years), given you do exactly 3 bulb replacements2. Your replacements are now probabilistic. If your current bulb breaks, you replaceit with a bulb of type A with probability p, and with type B with probability (1 –p). Find the expected total illumination time (in years), given you do exactly n bulbreplacements, and start with bulb of type A
The lifetime of a bulb is modeled as a Poisson variable. You have two bulbs typesA and B with expected lifetime 0.25 years and 0.5 years, respectively. When abulb’s life ends, it stops working. You start with new bulb of type A at the start ofthe year. When it stops working, you replace it with a bulb of type B. When itbreaks, you replace with a type A bulb, then a type B bulb, and so on. 1. Find the expected total illumination time (in years), given you do exactly 3bulb replacements.2. Your replacements are now probabilistic. If your current bulb breaks, youreplace it with a bulb of type A with probability pp, and with type B withprobability (1 – pp). Find the expected total illumination time (in years),given you do exactly nn bulb replacements, and start with bulb of type A.Answer for part 2 exists in closed form in terms of n and p.
Select all the possible values of aa which makes AA stochastic.
A dairy farmer accidentally allowed some of his cows to graze in a pasture containing weeds that would contaminate the milk from this herd. The farmer estimates that there’s a 10% chance of a cow grazing on some of the flavorful weeds. (a) Under these conditions, what is the probability that none of the 12 animals in this herd ate the tasty weeds? (b) Does the Poisson model give a good estimate of the probability that no animal ate the weed?
Consider a capital market with only two risky assets A and B. Their standard deviations are 1 and 2, respectively. There is no risk-free asset. When the correlation coefficient ρAB = 0, construct a portfolio, whose variance is strictly less than 1. [Hint: you may want to try the portfolio that puts more weight on the security with the lower standard deviation.]
Identify the t stastic & the pvalue
The germination rate of seeds is defined as the proportion of seeds that, when properly planted and watered, sprout and grow. A certain variety of grass seed usually has a germination rate of 0.80, and a company wants to see if spraying the seeds with a chemical that is known to change germination rates in other species will change the germination rate of this grass species. (a) Suppose the company plans to spray a random sample of 400 seeds and conduct a two-sided test of 0: 0.8Hpusing = 0.05. They determine that the power of this test against the alternative 0.75pis 0.69. Interpret the power of this test.(b) Describe two ways the company can increase the power of the test. What is a disadvantage of each of these ways? (c) The company researchers spray 400 seeds with the chemical and 307 of the seeds germinate. This produces a 95% confidence interval for the proportion of seeds that germinate of (0.726, 0.809). Use this confidence interval to determine whether the test described in…
In a continuous-time surplus model, the claim severity is distributed as BN(2, 0.4). Determine the Lundberg upper bound for the probability of ultimate ruin if the initial surplus is 2 and the prIn a continuous-time surplus model, the claim severity is distributed as BN(2, 0.4). Determine the Lundberg upper bound for the probability of ultimate ruin if the initial surplus is 2 and the premium loading factor is 0.25.emium loading factor is 0.25.
A small bank has two tellers, one for deposis and one for withdrawals. The service time for each teller is exponentially distributed, with a mean of 1 min. Customers arriving at the bank according to a poisson process, with mean rate 40 per hour; it is assumed that depositors and withdrawers constitute separate poisson processes, each with mean rate 20 per hour , and that no customer is both a depositor and a withdrawer. The bank is thinking of changing the current arrangement to allow each teller to handle both deposits and withdrawals. The bank would expect that each teller's mean service time would increase to 1.2 min, but it hopes that the new arrangement would prevent long lines in front of one teller while the other teller is idle, a situation that occurs from time to time under the current setup. Analyze the two arrangements with respect to the average idle time of teller and the expected number of customers in the bank at any given time.
If a study determines the difference in average salary for subpopulations of people with blue eyes and people with brown eyes is NOT significant, then the populations of blue-eyed people and brown-eyed people are ________ different salaries. a) unlikely to have b) very unlikely to have c) guaranteed to have d) guaranteed to not have