An article in Applied Mathematics and Computation [Confidence Intervals for Steady State Availability of a System with
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An article in Applied Mathematics and Computation [“Confidence Intervals for Steady State Availability of a System with Exponential Operating Time and Lognormal Repair Time” (2003, Vol.137(2), pp. 499-509)] considered the long-run availability of a system with an assumed lognormal distribution for repair time. In a given example, repair time follows a lognormal distribution with θ = ω = 1. Determine the following:
(a) Probability that repair time is more than five time units
(b) Conditional probability that a repair time is less than eight time units given that it is more than five time units
(c) Mean and variance of repair time
DistributionThe 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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Applied Statistics And Probability For Engineers
ISBN: 9781118539712
6th Edition
Authors: Douglas C. Montgomery, George C. Runger
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