The optimal scheduling of preventive maintenance tests of some (but not all) of n independently operating components was developed in Reliability Engineering and System Safety (January 2006). The time (in hours) between failures of a component was approximated by an exponential distribution with mean θ. Suppose θ = 1000 hours. Given that the time between failures is at least 1,500 hours, what is the probability that the time between failures is less than 2,000 hours?
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- An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices for inflation. His results are given in the following table. Test the economist’s claim at the 0.10 level of significance assuming that the population distribution of the paired differences is approximately normal. Let prices in 2018 be Population 1 and prices in 2019 be Population 2. Average Residential Retail Prices of Electricity ($/kWh) 2018 2019 19.99 18.65 15.30 17.29 14.40 16.17 17.31 18.68 12.85 13.53 12.41 13.11 14.74 13.13 19.15 19.36 11.84 13.69 Step 3 of 3 : Draw a conclusion and interpret the decision. 1. We fail to reject the null hypothesis and conclude that there is insufficent evidence at a…The incubation time for a breed of chicks is normally distributed with a mean of 29 days and standard deviation of approximately 3 days. Look at the figure below and answer the following questions. If 1000 eggs are being incubated, how many chicks do we expect will hatch in the following time periods? (Note: In this problem, let us agree to think of a single day or a succession of days as a continuous interval of time. Assume all eggs eventually hatch.) (a) in 23 to 35 days __ chicks(b) in 26 to 32 days __chicksThe week before the bill to repeal Obamacare came up for consideration in the Senate, one polling agency increased the size of the random sample of U.S. adults they surveyed on this issue from 500 to 1500. What effect would this increase have on the polling agency's estimate of the proportion of U.S. adults in favor of repealing Obamacare, assuming the true proportion in favor remained constant? (A) A reduction in the variability of the estimate (B) An increase in the variability of the estimate (C) A reduction in the bias of the estimate (D) An increase in the bias of the estimate (E) A reduction in both the variability and the bias of the estimate
- Water availability is of prime importance in the life cycle of most reptiles. To determine the rate of evaporative water loss of a certain species of lizard at a particular desert site, 34 such lizards were randomly collected, weighed and placed under the appropriate experimental conditions. After 24 hours, each lizard was removed, weighed, and its total water loss was calculated by subtracting its body weight after treatment from its initial body weight. Previous studies have shown that the relative frequency distribution of water loss for this species of lizard has a mean of 3.1 grams and a s.d. of 0.8 gram. a) What is the approximate sampling distribution of x , the mean water loss of the 34 lizardsThe US divorce rate has been reported as 3.6 divorces per 1000 population. Assuming that this rate applies to a small community of just 500 people and it’s Poisson distributed, and that x = the number of divorces in this community during the coming year, determine the following : a. E(x) b. P(x=1) c. P(x=4) d. P(x6) e. P(2x5)A machine operator is required to reach between the tools of a vertical hydraulic press between each cycle of the press. Under fault conditions, the operator is at risk from a crushing injury due either (a) to the press tool falling by gravity or (b) to an unplanned (powered) stroke of the press. The expected frequencies of the failures that would lead to either of these effects are given in the table below: Frequency (per year) Effect 0.2 a 0.1 0.1 0.05 Failure type Flexible hose failure Detachment of press tool Electrical fault Hydraulic valve failure (i) a b a or b Given that the operator is at risk for 20 per cent of the time that the machine is operating, construct and quantify a simple fault tree to show the expected frequency of the top event (a crushing injury to the operator's hand).
- A family purchases a 2000 square foot home and plans to make extensions totalling 500 square feet. The house currently has a pool, and a real estate agent has reported that the house is in excellent condition. However, the house does not have a view, and this will not change as a result of the extensions. According to the results in column (1), what is the expected DOLLAR increase in the price of the home due to the planned extensions?An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices for inflation. His results are given in the following table. Test the economist’s claim at the 0.05 level of significance assuming that the population distribution of the paired differences is approximately normal. Let prices in 2018 be Population 1 and prices in 2019 be Population 2. Average Residential Retail Prices of Electricity ($/kWh) 2018 2019 19.32 18.19 15.00 13.69 11.20 12.72 14.48 14.51 14.15 12.23 19.17 17.21 13.13 11.29 17.62 15.89 19.06 17.71 Step 1 of 3: State the null and alternative hypotheses for the test. Fill in the blank below Step 2 of 3: Compute the value of the test statistic. Round your…Researchers analyze a new portable radiocarbon dating machine and determine that the machine will correctly predict the age of an archaeological object within established tolerances 70% of the time. The machine's inventor wants to test this claim, believing that her machine correctly predicts age at a greater rate. Let p represent the proportion of times that the new portable radiocarbon dating machine correctly determines the age of an archaeological object to within the established tolerances. The inventor's null and alternative hypotheses are as follows. Но : р 0.70 На : р> 0.70 The inventor takes a random sample of n = 100 archaeological objects for which the age is already known and uses her machine to determine the age of each object. The machine correctly determines the age of 78 of the objects in the sample. What is the value of the standardized test statistic? (Round to 2 decimal places)
- An economist studying inflation in electricity prices in 2018 and 2019 believes that the average price of electricity, even after adjusting for inflation, changed between these two years. To test his claim, he samples 9 different counties and records the average price of electricity in each county from each year. He then adjusts the prices for inflation. His results are given in the following table. Test the economist's claim at the 0.02 level of significance assuming that the population distribution of the paired differences is approximately normal. Let prices in 2018 be Population 1 and prices in 2019 be Population 2. Average Residential Retail Prices of Electricity ($/kWh) 2018 2019 12.62 11.24 16.01 17.99 12.59 14.44 19.94 21.43 17.75 19.24 15.91 17.39 18.89 19.94 15.85 16.67 13.90 15.31 Copy Data Step 2 of 3: Compute the value of the test statistic. Round your answer to three decimal places.2Water availability is of prime importance in the life cycle of most reptiles. To determine the rate of evaporative water loss of a certain species of lizard at a particular desert site, 34 such lizards were randomly collected, weighed and placed under the appropriate experimental conditions. After 24 hours, each lizard was removed, weighed, and its total water loss was calculated by subtracting its body weight after treatment from its initial body weight. Previous studies have shown that the relative frequency distribution of water loss for this species of lizard has a mean of 3.1 grams and a s.d. of 0.8 gram b) What is the probability that x is less than 2.7 grams?
