Chapter 8: Q. 8.3 (page 390)
Use the central limit theorem to solve part of the problemlocalid="1649757874152" .
Chapter 8: Q. 8.3 (page 390)
Use the central limit theorem to solve part of the problemlocalid="1649757874152" .
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Get started for freeFrom past experience, a professor knows that the test score taking her final examination is a random variable with a mean of.
Give an upper bound for the probability that a student’s test score will exceed.
Suppose, in addition, that the professor knows that the variance of a student’s test score is equal. What can be said about the probability that a student will score between and?
How many students would have to take the examination to ensure a probability of at least that the class average would be within of? Do not use the central limit theorem.
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.
8.6 . In Self-Test Problem , how many components would one need to have on hand to be approximately percent certain that the stock would last at least days?
A lake contains 4 distinct types of fish. Suppose that each fish caught is equally likely to be any one of these types. Let Y denote the number of fish that need be caught to obtain at least one of each type.
(a) Give an interval (a, b) such that
(b) Using the one-sided Chebyshev inequality, how many fish need we plan on catching so as to be at least 90 percent certain of obtaining at least one of each type?
8.5 The amount of time that a certain type of component functions before failing is a random variable with probability density function
Once the component fails, it is immediately replaced by
another one of the same type. If we let denote the life-time of the th component to be put in use, then represents the time of the th failure. The long-term rate at which failures occur, call it, is defined by
Assuming that the random variables are independent, determine .
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