In a certain city, the daily consumption of electric power, in millions of kilowatt hours, is a random variable X having a gamma distribution with mean 6 and variance 2 12 (a) Find the values of a and 0 (b) Find the probability that on any given day the daily power consumption will exceed 12 millio...

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In a certain city, the daily consumption of electric power, in millions of kilowatt-hours, is a random

Question:

In a certain city, the daily consumption of electric power, in millions of kilowatt-hours, is a random variable X having a gamma distribution with mean μ = 6 and variance α2 = 12.

(a) Find the values of a and 0.

(b) Find the probability that on any given day the daily power consumption will exceed 12 million kilowatt-hours.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...