Question: Using the same Sample G plots file from the preceding class session: 1) Plot the minima waiting times by filing in columns G-T in the
Using the same Sample G plots file from the preceding class session: 1) Plot the minima waiting times by filing in columns G-T in the Min spreadsheet. 2) Based on the resulting plot, what is the limiting distribution of x1:4? (upload/attach you filled -in Excel file) Part 2: You are exploring how your skill in EVT can also be used in other applications. Please describe the importance of analyzing extreme and rare event in the following scenarios: 1) Choosing among metal alloys as fuse-element to protect medical equipment from damage caused by overcurrent, based on the alloys empirical melting points. Which would be of particular interest, Xmin or Xmax of alloys meting point? Why? 2) Designing ships ballast intake
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