A utility company might offer electrical rates based on time-of-day consumption to decrease the peak demand in
Question:
(a) What is the probability that exactly two of the selected major customers accept the plan?
(b) What is the probability that at least one of the selected major customers accepts the plan?
(c) Instead of 15 customers, what is the minimum number of major customers that would need to accept the plan to meet the following objective? The probability that at least 1 selected major customer accepts the plan is greater than or equal to 0.95.
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Related Book For
Applied Statistics And Probability For Engineers
ISBN: 9781118539712
6th Edition
Authors: Douglas C. Montgomery, George C. Runger
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