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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Related Book For
Probability And Statistics For Engineers
ISBN: 9781133006909
5th Edition
Authors: Richard L Scheaffer, Madhuri Mulekar, James T McClave, Cecie Starr
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