Chapter 8: Q 8.6 (page 390)
A die is continually rolled until the total sum of all rolls exceeds 300. Approximate the probability that at least 80 rolls are necessary.
Chapter 8: Q 8.6 (page 390)
A die is continually rolled until the total sum of all rolls exceeds 300. Approximate the probability that at least 80 rolls are necessary.
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Would the results of Examplechange be if the investor were allowed to divide her money and invest the fractionin the risky proposition and invest the remainder in the risk-free venture? Her return for such a split investment would be.
Explain why a gamma random variable with parametershas an approximately normal distribution whenis large.
A certain component is critical to the operation of an electrical system and must be replaced immediately upon failure. If the mean lifetime of this type of component is 100 hours and its standard deviation is 30 hours, how many of these components must be in stock so that the probability that the system is in continual operation for the next 2000 hours is at least .95?
Let be a continuous function defined for. Consider the functions
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.
Hint: Let be independent Bernoulli random variables with mean. Show that
and then use Theoretical Exercise.
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