6.80 During an 8-hour shift, the proportion of time X that a sheet-metal stamping machine is down...

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6.80 During an 8-hour shift, the proportion of time X that a sheet-metal stamping machine is down for maintenance or repairs has a beta distribution with and .That is, The cost (in hundreds of dollars) of this downtime, due to lost production and cost of maintenance and repair, is given by

.

a Find the mean and variance of C.

b Find an interval in which C will lie with probability at least 0.75.

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Probability And Statistics For Engineers

ISBN: 9781133006909

5th Edition

Authors: Richard L Scheaffer, Madhuri Mulekar, James T McClave, Cecie Starr

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