Chapter 5: Q. 6.4 (page 176)
Repeat Problem when the ball selected is replaced in the urn before the next selection.
Short Answer

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Chapter 5: Q. 6.4 (page 176)
Repeat Problem when the ball selected is replaced in the urn before the next selection.

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(a) A fire station is to be located along a road of length . If fires occur at points uniformly chosen on localid="1646880402145" , where should the station be located so as to minimize the expected distance from the fire? That is,
choose a so as to minimize localid="1646880570154" when X is uniformly distributed over .
(b) Now suppose that the road is of infinite length— stretching from point outward to . If the distance of a fire from point is exponentially distributed with rate , where should the fire station now be located? That is, we want to minimize , where X is now exponential with rate .
A model for the movement of a stock supposes that if the present price of the stock is , then after one period, it will be either with probability or with probability . Assuming that successive movements are independent, approximate the probability that the stock’s price will be up at least percent after the next periods if
The lifetimes of interactive computer chips produced
by a certain semiconductor manufacturer are normally distributed with parametershours and hours. What is the approximate probability that abatch of chips will contain at least whose lifetimes are less than ?
There are two types of batteries in a bin. When in use, type i batteries last (in hours) an exponentially distributed time with rate . A battery that is randomly chosen from the bin will be a type i battery with probability pi, . If a randomly chosen battery is still operating after t hours of use, what is the probability that it will still be operating after an additional shours?
The number of minutes of playing time of a certain high school basketball player in a randomly chosen game is a random variable whose probability density function is given in the following figure:

Find the probability that the player plays
(a) more than minutes;
(b) between minutes;
(c) less than minutes;
(d) more than minutes
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