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harina [27]
3 years ago
9

PLEASE ANSWER! I WILL BRIANLIEST.

Mathematics
1 answer:
Brut [27]3 years ago
5 0
Let x be the required waranty period, then
P(X < x) = P(z < (x - 12)/(8/12)) = 1 - 0.067 = 0.933
P(z < 12(x - 12)/8) = P(z < 1.498)
12(x - 12)/8 = 1.498
x - 12 = 8(1.498) / 12 = 0.9987
x = 12 - 0.9987 = 11

Therefore, they should waranty for 11 years so that no more than 6.7% fail within that time.

cost of production = %13
Let the price be p, then
revenue less price of failed iron = p - 0.067(13) = p - 0.871
Profit = p - 0.871 - 13 = 5
p - 13.871 = 5
p = 5 + 13.871 = 18.871

Therefore, the should charge $18.87 per waffle iron.
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Let Y1 and Y2 be independent exponentially distributed random variables, each with mean 7. Find P(Y1 &gt; Y2 | Y1 &lt; 2Y2). (En
ArbitrLikvidat [17]

<em>Y</em>₁ and <em>Y</em>₂ are independent, so their joint density is

f_{Y_1,Y_2}(y_1,y_2)=f_{Y_1}(y_1)f_{Y_2}(y_2)=\begin{cases}\frac1{49}e^{-\frac{y_1+y_2}7}&\text{for }y_1\ge0,y_2\ge0\\0&\text{otherwise}\end{cases}

By definition of conditional probability,

P(<em>Y</em>₁ > <em>Y</em>₂ | <em>Y</em>₁ < 2 <em>Y</em>₂) = P((<em>Y</em>₁ > <em>Y</em>₂) and (<em>Y</em>₁ < 2 <em>Y</em>₂)) / P(<em>Y</em>₁ < 2 <em>Y</em>₂)

Use the joint density to compute the component probabilities:

• numerator:

P((Y_1>Y_2)\text{ and }(Y_1

=\displaystyle\frac1{49}\int_0^\infty\int_{\frac{y_1}2}^{y_1}e^{-\frac{y_1+y_2}7}\,\mathrm dy_2\,\mathrm dy_1

=\displaystyle-\frac17\int_0^\infty\int_{-\frac{3y_1}{14}}^{-\frac{2y_1}7}e^u\,\mathrm du\,\mathrm dy_1

=\displaystyle-\frac17\int_0^\infty\left(e^{-\frac{2y_1}7} - e^{-\frac{3y_1}{14}}\right)\,\mathrm dy_1

=\displaystyle-\frac17\left(-\frac72e^{-\frac{2y_1}7} + \frac{14}3 e^{-\frac{3y_1}{14}}\right)\bigg|_0^\infty

=\displaystyle-\frac17\left(\frac72 - \frac{14}3\right)=\frac16

• denominator:

P(Y_1

(I leave the details of the second integral to you)

Then you should end up with

P(<em>Y</em>₁ > <em>Y</em>₂ | <em>Y</em>₁ < 2 <em>Y</em>₂) = (1/6) / (2/3) = 1/4

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Step-by-step explanation:

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