In: Finance
Consider a computer system with Poisson job-arrival stream at an average of 10 jobs per 4 minutes. Determine the probability that in any one-minute interval there will be (20 points):
Job arrival = 10 jobs per 4 minutes
Lambda = Job arrival rate per minute = 10 / 4 = 2.50
Lambda = 2.50
Poisson Distribution: Probability (X = x) = e-Lambda * Lambdax / x! | where X is number of events to occur in a fixed-time interval.
where Lambda is the average job arrival rate and x = 0,1,2... infinity
a) Exactly 5 jobs
For exactly 5 jobs, X = 5
P (X = 5) = e-2.5 * (2.55) / 5! = 0.0821 * 97.6563 * 1 / 120
P (X = 5) = 0.0668 or 6.68%
Hence, Probability of Exactly 5 jobs in any one-minute interval is 6.68% or 0.0668.
b) At least 3 jobs
For at least 3 jobs, X >= 3 | X should be greater than equal to 3. We can find the Probability by first finding the cumulative probability of 2 jobs (which includes 1 job's probability) and subtract it from 1 to find probability of 3 or more.
P (X >= 3) = 1 - (P (X = 2) + P (X = 1) + P (X = 0))
P (X = 2) = e-2.5 * (2.52) / 2! = 0.0821 * 6.25 / 2
P (X = 2) = 0.2565
P (X = 1) = e-2.5 * (2.51) / 1! = 0.0821 * 2.5 / 1
P (X = 1) = 0.2052
P (X = 0) = e-2.5 * (2.50) / 0! = 0.0821
P (X = 0) = 0.0821
Now putting values of P (X = 2) and P (X = 1) in P (X > = 3) formula.
P (X >= 3) = 1 - (0.2565 + 0.2052 + 0.0821) = 1 - 0.5438
P (X >= 3) = 0.4562 or 45.62%
Hence, Probability of at least 3 jobs in any one-minute interval is 45.62% or 0.4562.
c) Between 2 and 5 jobs inclusive
For jobs between 2 and 5, We need to calculate P (2 >= X <=5)
As We need at least 5, we can calculate Cumulative Probability of 5 and then exclude Probability of 1 and 0 to keep only from 2 to 5.
P (2 >= X <= 5) = Probability of at least 5 - Probability of 1 - Probability of 0
P (2 >= X <= 5) = P (X = 5) + P (X = 4) + P (X = 3) + P (X = 2) + P (X = 1) + P (X = 0) - P (X = 1) - P (X = 0)
P (2 >= X <= 5) = P (X = 5) + P (X = 4) + P (X = 3) + P (X = 2)
P (X = 5) = e-2.5 * (2.55) / 5! = 0.0821 * 97.6563 * 1 / 120 = 0.0668
P (X = 4) = e-2.5 * (2.54) / 4! = 0.0821 * 39.0625 * 1 / 24 = 0.1336
P (X = 3) = e-2.5 * (2.53) / 3! = 0.0821 * 15.6250 * 1 / 6 = 0.2138
P (X = 2) = e-2.5 * (2.52) / 2! = 0.0821 * 6.25 * 1 / 2 = 0.2565
P (2 >= X <= 5) = 0.0668 + 0.1336 + 0.2138 + 0.2565
P (2 >= X <= 5) = 0.6707 or 67.07%
Hence, Probability of between 2 and 5 jobs inclusive in any one-minute interval is 67.07% or 0.6707.