Question: At times that form a Poisson process at rate = 25 (per hour), people rent a Citibike, and independently they use it for a random

At times that form a Poisson process at rate = 25 (per hour), people rent a Citibike, and independently they use it for a random amount of time distributed as continuous Uniform(0,8) (hours) then return it. Assume initially, at

time t= 0, there were no Citibikes rented out, and also assume that there are an unlimited number of Citibikes

Suppose that instead of each person having the same rental distribution time,

each person, independently with probability p= 0 .2 has a Uniform (0,8) distribution while with probability 0.8 has an exponential distribution at rate 1/4. What is the probability that at time t= 1 there are 20 Citibikes rented out with the exponential rental times given that there are 30 rented out at time t= 1 with the Uniform (0,8) distribution?

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 Mathematics Questions!