In a certain city, the daily consumption of electric power in millions of kilowatt hours can be treated as a random variable having a gamma distribution with 3 and 2 If the power plant of this city has a daily capacity of 12 million kilowatt hours, what is the probability that this power supply wil...

In a certain city, the daily consumption of electric power in millions of kilowatt hours can be

Question:

In a certain city, the daily consumption of electric power in millions of kilowatt– hours can be treated as a random variable having a gamma with α = 3 and β = 2. If the power plant of this city has a daily capacity of 12 million kilowatt– hours, what is the probability that this power supply will be inadequate on any given day?
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...