Chickens at Rolling Meadows Farm lay an average of 18 eggs per day. The farmer has rigged
Question:
a. Why is this Gamma problem? What makes this a Gamma situation instead of an Exponential situation?
b. What does X represent in this scenario?
c. What are the parameters in units matching this specific question?
d. What is the expected length of time (in minutes) the farmer will have to wait for the half-dozen eggs to be laid?
e. What is the standard deviation?
f. What is the probability density function for the wait time (in minutes) for the half-dozen eggs? Write it in function form and also graph it.
g. What is the cumulative distribution function for the wait time (in minutes) for the half-dozen eggs? Write it in function form and also graph it.
h. Find the probability the farmer will have to wait for his half-dozen eggs longer than it takes him to do his morning chores and run his errands in town (6 hours after the rooster crows).
i. Find the probability that the sixth egg will be laid while he is eating dinner (between 12 and 13 hours after the rooster crows)? Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Introduction to Probability
ISBN: 978-0716771098
1st edition
Authors: Mark Daniel Ward, Ellen Gundlach
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