Question
At times that form a Poisson process at rate= 25 (per hour),people rent a Citibike, and independently they use it for a random amount of
At times that form a Poisson process at rate= 25 (per hour),people rent a Citibike, and independently they use it for a random amount of timedistributed as continuous Uniform(0,8) (hours) then return it. Assume initially, attimet= 0, there were no Citibikes rented out, and also assume that there are anunlimited number of Citibikes.YOU MUST SHOW YOUR WORK.
(a) What is the expected number of Citibikes rented out at timet= 2?
(b) What is the long-run average number of Citibikes rented out?
(c) LetK(9) = the number of Citibikes rented out at timet= 9.Derive explicitlythe probabilitiesP(K(9) =j), j0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started