Demand for residential electricity at a certain time period in Hamilton County is normally distributed with a mean of μ = 5595 megawatts (MW) and a standard deviation of σ = 405 MW Due to scheduled maintenance and unexpected system failures in a generating station, the utility company can supply a maximum of x = 6200 MW The probability that the utility will have to purchase electricity from other utilities or allow brownouts is ______. 0.0974
Demand for residential electricity at a certain time period in Hamilton County is normally distributed with a mean of μ = 5595 megawatts (MW) and a standard deviation of σ = 405 MW Due to scheduled maintenance and unexpected system failures in a generating station, the utility company can supply a maximum of x = 6200 MW The probability that the utility will have to purchase electricity from other utilities or allow brownouts is ______. 0.0974
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter17: Making Decisions With Uncertainty
Section: Chapter Questions
Problem 8MC
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Question
15 | Demand for residential electricity at a certain time period in Hamilton County is |
a mean of | μ = | 5595 | megawatts (MW) |
and a standard deviation of | σ = | 405 | MW |
Due to scheduled maintenance and unexpected system failures in a generating station, the utility company can |
supply a maximum of | x = | 6200 | MW |
The probability that the utility will have to purchase electricity from other utilities or allow brownouts is ______. | |||||||||
0.0974 | |||||||||
0.0811 | |||||||||
0.0676 | |||||||||
0.0563 | |||||||||
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