Question

In: Statistics and Probability

Recall that the pdf for the combined waiting times for two buses from HW 4.1 Q3...

Recall that the pdf for the combined waiting times for two buses from HW 4.1 Q3 was f(y) = {1/ 25 y ( 0 ≤ y < 5), 2/ 5 − 1/ 25 y (5 ≤ y ≤ 10) , 0 (y < 0 or y > 10 a)}. Compute the cdf of Y. Note that you will have to find a constant C that you add. For 0 ≤ y < 5, let C = 0, so that you only need to find C for 5 ≤ y ≤ 10. To find it, remember that F(∞) = 1 and that f(y) = 0 for y > 10, so that y > 10 contributes nothing more to the cdf. This means F(10) must equal 1. b. Obtain an expression for the (100p)th percentile. (Hint: consider separately 0 < p < .5 and .5 < p < 1.) c. Find µ˜, the median, using the 50th percentile. d. Compute µY and σ 2 Y . How do these compare with the expected waiting time and variance for a single bus when the time is uniformly distributed as follows? f(x) = ( 1 5 0 ≤ x ≤ 5 0 else

Solutions

Expert Solution

Solution:

a. When 0 y 5,

F (y) = = y^2/50

For 5 y 10,

F (y) =

=

= 1/2 +

= 2/5y - y^2/50 - 1

b. For 0 < p 0.5, p = F () = /50

= (50p)^1/2

For 0.5 < p   1, p = 2/5 - /50 - 1

= 10 - 52 (1- p)

c. E (Y) = 5 by straightforward integration and similarly V (Y) = 50/12 = 4.1667

The waiting time X for a single bus follows U (0, 5) and so

E (X) = 2.5 and V (X) = 25/12

please hit like button...


Related Solutions

The waiting times X and Y (in minutes) of two clients A and B who are...
The waiting times X and Y (in minutes) of two clients A and B who are standing in line at two different check outs in the supermarket are modeled as independent, exponential random variables with parameter 1. (a) Find the cumulative distribution function of the random variable M :=min{X,Y} where min{x,y} is just the smaller value of the two numbers. (b) Find the probability density function of M. Do you recognize the socalled probability law or probability distribution of the...
The values listed below are waiting times? (in minutes) of customers at two different banks. At...
The values listed below are waiting times? (in minutes) of customers at two different banks. At Bank? A, customers enter a single waiting line that feeds three teller windows. At Bank? B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.36.3 6.66.6 6.76.7 6.86.8 7.17.1 7.37.3 7.47.4 7.87.8 7.87.8 7.87.8 Bank Upper BBank B 4.24.2 5.45.4 5.85.8 6.26.2 6.76.7 7.77.7 7.77.7 8.68.6 9.39.3 10.010.0 Construct aa...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At Bank​ A, customers enter a single waiting line that feeds three teller windows. At Bank​ B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.4 6.6 6.7 6.8 7.1 7.3 7.4 7.7 7.7 7.7 Bank B 4.1 5.3 5.9 6.2 6.8 7.6 7.6 8.4 9.4 10 Construct a 99​% confidence...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At Bank​ A, customers enter a single waiting line that feeds three teller windows. At Bank​ B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.46.4 6.66.6 6.76.7 6.86.8 7.17.1 7.27.2 7.57.5 7.87.8 7.87.8 7.87.8 Bank Upper BBank B 4.24.2 5.35.3 5.85.8 6.16.1 6.76.7 7.87.8 7.87.8 8.48.4 9.49.4 10.010.0 LOADING... Click...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At Bank​ A, customers enter a single waiting line that feeds three teller windows. At Bank​ B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.5 6.6 6.7 6.8 7.1 7.3 7.6 7.9 7.9 7.9 Bank Upper B 4.3 5.3 5.9 6.2 6.8 7.8 7.8 8.4 9.2 10.0 Construct a 95%...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At Bank​ A, customers enter a single waiting line that feeds three teller windows. At Bank​ B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.5 6.6 6.7 6.8 7.1 7.2 7.5 7.9 7.9 7.9 Bank B 4.2 5.4 5.8 6.2 6.8 7.7 7.7 8.5 9.3 10.00 a) Using Chi-Square critical...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At...
The values listed below are waiting times​ (in minutes) of customers at two different banks. At Bank​ A, customers enter a single waiting line that feeds three teller windows. At Bank​ B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.46.4 6.66.6 6.76.7 6.86.8 7.17.1 7.37.3 7.47.4 7.97.9 7.97.9 7.97.9 Bank B 4.14.1 5.35.3 5.85.8 6.26.2 6.66.6 7.87.8 7.87.8 8.48.4 9.39.3 10.010.0 Construct a 99​% confidence...
Gainesville Bus Lines (GBL) is considering two alternative buses to transport people from the commuter lot...
Gainesville Bus Lines (GBL) is considering two alternative buses to transport people from the commuter lot to the main campus at Midwest State University. This bus service will be provided to students at no cost to them, so this investment will have no incoming revenue stream. Bus S has an initial cost of $50,000 and will have annual operating costs of $25,000 per year for three years. Bus L has an initial cost $75,000 and will have annual operating costs...
Recombinant DNA technology is a type of modern biotechnology in which DNA is combined from two...
Recombinant DNA technology is a type of modern biotechnology in which DNA is combined from two different species to produce new proteins of medical importance. True False
Recall the “Nash Demand Game” from the presentation in which two siblings (A and B) must...
Recall the “Nash Demand Game” from the presentation in which two siblings (A and B) must bargain for an inheritance of $1 million. Instead of the two submitting sealed proposals (Nash’s original story) or the two submitting potentially infinite offers and counteroffers to each other (Rubenstein’s bargaining game), suppose the will specifies the following procedure for splitting the inheritance: Sibling A will go first and submit an offer to Sibling B for how they are to split the $1 million....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT