In a certain city, the daily consumption of petroleum in thousand barrels of oil can be treated as a random variable having a gamma distribution with a = 3 and 0 = 4. If the petroleum supply of this city has a daily capacity of 24 thousand barrels of oil, what is the probability that this petroleum supply will be inadequate on any given day? Find this probability using the relation between gamma and Poisson distributions.
In a certain city, the daily consumption of petroleum in thousand barrels of oil can be treated as a random variable having a gamma distribution with a = 3 and 0 = 4. If the petroleum supply of this city has a daily capacity of 24 thousand barrels of oil, what is the probability that this petroleum supply will be inadequate on any given day? Find this probability using the relation between gamma and Poisson distributions.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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