With the growth of digital photography, a young entrepreneur is considering establishing a new business Cruz Wedding Photography He believes that the average number of wedding bookings per year is 17 One of the key variables in developing his business plan is the life he can expect from a single digital single -lens reflex (DSLR) camera before it needs to be replaced Duo to heavy usage, the shuttor lide expectancy is estimated to be 170,000 clicks For each booking the average number of photographs taken is assumed to be 2,000 Develop a model to predict the camera life (in years) Develop a model to find the camera life in years. (Type integers or decimals rounded to two dec

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Continuous Probability Distributions

Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.

Normal Distribution

Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!