Chapter 5: Q. 5.16 (page 215)
Compute the hazard rate function of when is uniformly distributed over.
Short Answer
It's up to if in otherwise its adequate iszero.
Chapter 5: Q. 5.16 (page 215)
Compute the hazard rate function of when is uniformly distributed over.
It's up to if in otherwise its adequate iszero.
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Your company must make a sealed bid for a construction project. If you succeed in winning the contract (by having the lowest bid), then you plan to pay another firm $100,000 to do the work. If you believe that the minimum bid (in thousands of dollars) of the other participating companies can be modeled as the value of a random variable that is uniformly distributed on (70, 140), how much should you bid to maximize your expected profit?
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The number of minutes of playing time of a certain high school basketball player in a randomly chosen game is a random variable whose probability density function is given in the following figure:
Find the probability that the player plays
(a) more than minutes;
(b) between minutes;
(c) less than minutes;
(d) more than minutes
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