Problem 11
A company buys 100 lightbulbs, each of which has an exponential lifetime of 1000 hours. What is the expected time for the first of these bulbs to burn out?
Given:
\(1/\lambda\) = 1000
\(\lambda\) = 1000
The Expected life is 1/100*\(\lambda\)
1/100 * 1/1000 = 10
The expected time for the first of the bulb to burnout is 10 hours.
Problem 14
Assume that \(X_1 and X_2\) are independent random variables, each having an exponential density with parameter \(\lambda\). Show that Z = \(X_1 − X_2\) has density
\(fZ(z)=(1/2)\lambda { e }^{ -\lambda |z| }\)
The probability density function for \(X_1 and X_2\) are
\(f(x_1)=\lambda { e }^{ -\lambda (x_1) }\) \(f(x_2)=\lambda { e }^{ -\lambda (x_2) }\)
The joint density of \(X_1 and X_2\) are \(\lambda { e }^{ -\lambda (x_1) }\) * \(\lambda { e }^{ -\lambda (x_2) }\) or \(\lambda^2 { e }^{ -\lambda (x_1 + x_2) }\)
When Z is negative, \(X_2\) = \(X_1\) - Z When Z is Positive, \(X_2\) > - Z and \(X_2\) will also be positive.
When Z is negeative,
\(\int_{-}^{\infty} z\lambda^2 { e }^{ -\lambda (z + 2x_2) }dx = {\lambda/2}{e}^{\lambda(z)}\)
When Z is positive,
\(\int_{0}^{\infty}{\lambda/2}{e}^{-\lambda(z+2x_2)}dx = {\lambda/2}e^{-\lambda|z|}\)
This becomes,
\(fZ(z)=(1/2)\lambda { e }^{ -\lambda |z| }\)
Problem 1
Let X be a continuous random variable with mean μ = 10 and variance σ² = 100/3. Using Chebyshev’s Inequality, find an upper bound for the following probabilities.
kσ = 2
\(k = 2/\sqrt{100/3}\)
=\(1/k^2 = 8.3333\)
kσ = 5
\(k = 5/\sqrt{100/3}\)
=\(1/k^2 = 1.3333\)
kσ = 9
\(k = 9/\sqrt{100/3}\)
=\(1/k^2 = 0.4115\)
kσ = 20
\(k = 20/\sqrt{100/3}\)
=\(1/k^2 = 0.0833\)