6)For a rate A Poisson process we try to stop at the last event before some fixed time T. Our strategy will be to stop at the first event after some time s. We lose if there are no more events after s and before T or if the next event after s is not the last event before T. What is the probability of winning for s fixed? What value of s maximizes this probability? What is the maximum value?
6)For a rate A Poisson process we try to stop at the last event before some fixed time T. Our strategy will be to stop at the first event after some time s. We lose if there are no more events after s and before T or if the next event after s is not the last event before T. What is the probability of winning for s fixed? What value of s maximizes this probability? What is the maximum value?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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