The power has gone out in your house, and you are using a small flashlight to read
Question:
a. If the 3 batteries are from SaveBucks, how long do you expect to have light from your flashlight? What is the standard deviation? What distribution are you using, and what are the parameters? What important assumption do you have to make about battery lives?
b. If the 3 batteries are from LittleMoola, how long do you expect to have light from your flashlight? What is the standard deviation? What distribution are you using and what are the parameters?
c. What is the probability you will need more than 3 batteries if you use the flashlight every evening for a week because you forgot to pay your electricity bill? (Assume there are 12 hours of darkness each night and 7 nights in the week.) What distribution are you using, and what are the parameters? 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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction to Probability
ISBN: 978-0716771098
1st edition
Authors: Mark Daniel Ward, Ellen Gundlach
Question Posted: