Imagine that you have the opportunity to purchase a large piece of land for $100,000, after taking out a loan. You have decided
2 answers:
You might be interested in
For this case we must solve the following proportion:
Multiplying by 5 on both sides of the equation we have:
Subtracting 2 from both sides of the equation:
ANswer:
Answer:
Step-by-step explanation:
Given that
,
The weibull distribution with parameters
where
Then,
A) The probability that a specimen's lifetime is at most 250 is
The probability that the specimen's life time is more than 300 is
= 0.0992
b)The probability of the specimen's lifetime is between 100 and 250
c) The value such that exactly 50% of all specimens have lifetimes exceeding that value is
x = 192.07