The following figure shows probability distributions, namely, Expon1 and Expon2, of inter-arrival times forphone calls at two different call centers. Note that the inter-arrival times in each call center are exponentiallydistributed, with rates Lambda1 and Lambda2, respectively.Expon(1)Expon(2)Based on the figure, which statement is true?Lambda 1 > Lambda 2O Lambda 2> Lambda 1O Lambda 1= Lambda 2Not enough information

In this case, two exponential distributions are given.

Answered: The following figure shows probability…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. ABC inc. stock is currently selling for $30, one year from today the stock price can either increase by 20% or decrease by 15%. The probability of an increase in the stock price is equal to 0.3. The one-year risk-free rate is 5% What is the value of a European put that expires in one year with an exercise price of $24. 2. Graphically, show the value and the profit and loss of the following butterfly position: Long in a call with an exercise price of $30, short in 2 calls with an exercise price of $45, and long in a call with an exercise price of 60. All calls are written on the same stock and have the same maturity. 3. "Early exercise of an American option on a stock that does not pay any dividend is not optimal regardless of whether the option is a Call or a Put". True, False, or Uncertain. Explain.
In the sport of basketball, a player will sometimes get the opportunity to shoot two free throws without being affected by any other players in the game. Assume that, for one player, these two free throws are independent of each other. If this player makes free throws 80% of the time, what is the probability that this player will make neither free throw in the opportunity?
3. Suppose it is known from large amounts of historical data that X, the number of cars that arrive at a specific intersection during a 20-second time period, is characterized by the following discrete probability function: 6x f(x) = e-6, for x = 0,1,2, ... a) Find the probability that in a specific 20-second time period, more than 8 cars arrive at the intersection.
The circuit shown below operates if and only if there is some path of functional devices from left to right. The probability that each device functions is shown for each device and the devices operate independently of each other. What is the probability that the circuit operates? 0.9 0.9 0.8 0.95 0.95 0.9 (A) None of these (B) 0.5263 (C) 0.1642 (D) 0.9850 (E) 0.9702
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