What is Best fit distribution for this data/ Customer Arrival time (mins) 1 1 2 4...

What is Best fit distribution for this data/

Customer Arrival	time (mins)
1	1
2	4
3	3
4	0
5	0
6	1
7	3
8	3
9	2
10	0
11	3
12	1
13	2
14	0
15	2
16	0
17	1
18	2
19	3
20	2
21	3
22	0
23	2
24	3
25	3
26	0

Solutions

Expert Solution

orchestra answered 1 year ago

Next > < Previous

Related Solutions

Find the line y = b + mx of best fit through the data {(.1, .2),(.2,...

Find the line y = b + mx of best fit through the data {(.1, .2),(.2, .3),(.3, .7),(.5, .2),(.75, .8)}, using the least squares criterion. (Use one of the software tools: Excel, SPSS, Mathematica, or MATLAB to answer the following items, and print out your results directly from the software)

For the purpose of using the chi-square test for inter-arrival data fitting against exponential distribution (goodness-of-fit)...

For the purpose of using the chi-square test for inter-arrival data fitting against exponential distribution (goodness-of-fit) for which the class intervals are not given, the analyst must determine the class interval endpoints. Assume that based on the collected data, the average inter-arrival time is 14.62 minutes. Assume that number of class intervals to be used for data classification is equal to 5. Calculate the endpoint of the first interval, Le. at knowing that a0-0 and that the data are in...

What type of a customer is a good fit for (1) a premium credit card, (2)...

What type of a customer is a good fit for (1) a premium credit card, (2) a rewards credit card? What type of a customer is a good fit for a card with (1) a low APR, and (2) no annual fee?

Assume that we wish to fit a lognormal distribution to this data. Estimate the parameters for the fit distribution

Assume the following dataset: Original Data 0.314 0.346 0.956 2.015 8.653 0.663 4.612 0.623 0.946 0.788 1.619 6.136 0.168 2.160 0.793 0.753 0.419 0.204 1.950 0.682 0.144 2.273 0.401 0.208 1.422 3.459 0.080 10.004 0.842 0.829 Assume that we wish to fit a lognormal distribution to this data. Estimate the parameters for the fit distribution Use a K-S test to determine goodness of fit. Use a critical value of D0.01.

If you have observed data from a Poisson distribution with arrival rate x over t time...

If you have observed data from a Poisson distribution with arrival rate x over t time units (e.g., k events in t time units), and your prior distribution for x was gamma distributed, show that the posterior distribution for the arrival rate x is also gamma distributed. (Hint: You will need to evaluate a definite integral in the denominator of the expression for the posterior distribution

The following data yields the arrival and service times that each customer will require, for the...

The following data yields the arrival and service times that each customer will require, for the first 13 customers at a single server queue system (M/M/1). Upon arrival, a customer either enters service if the server is idle or joins the waiting line. When the server completes the work on a certain customer, the next one in line (i.e. the one who has been waiting the longest) enters the service. The studied period ends until the last customer leaves the...

In the airline business, "on-time" flight arrival is important for connecting flights and general customer satisfaction....

In the airline business, "on-time" flight arrival is important for connecting flights and general customer satisfaction. Is there a difference between summer and winter average on-time flight arrivals? Let x1 be a random variable that represents percentage of on-time arrivals at major airports in the summer. Let x2 be a random variable that represents percentage of on-time arrivals at major airports in the winter. A random sample of n1 = 16 major airports showed that x1 = 74.5%, with s1...

Question