Question: Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company is studied and is known to have a

Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal distribution with parameters

μ = 4 and σ = 2. What is the probability that the company uses more than 270 dB during any particular hour?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Probability Statistics Questions!

6.56 Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal distribution with parameters / = 4 and o =...

Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal distribution with parameters = 4 and a = 2....

6.56 Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal distribution with parameters = 4 and =...

Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal distribution with parameters = 4 and = 2....

Solve the following. 11. (a) Briefly explain the significance of the firm's cost of capital. What are the factors determining that cost of capital, and how can that cost be estimated? (b) Given that...

Hey i would like to answer these three questions 1. What is the expected customer lifetime value of a newly acquired customer? Use an annual discount rate of 10%. Do you think this value is likely to...

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

BLC Inc. is a medium-sized manufacturing company based in the UK. The company operates mainly in the London area and is based in Peterborough. At a recent board meeting, the company decided to expand...

Give the structure of the products that you would expect from the reaction of 1-butyne with: (a) One molar equivalent of Br2 (b) One molar equivalent of HBr (c) Two molar equivalents of HBr (d) H2...

b. d. calculate which of the components, K or T. should be produced and sold in the year in order to maximise profits. You should state the number of units to be produced and sold and the resulting...

When recording a bonus to a new partner, the new partner will: A ) pay less than the new partner will recelve in the capital account. B ) pay the same as the other partners' capital accounts. C ) pay...

A 5 kW pump is raising water to an elevation of 25 m from the free surface of a lake. The temperature of water increases by 0.1oC. Neglecting the KE, determine (a) The mass flow rate, (b) The minimum...