KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY DEPARTMENT OF STATISTICS AND ACTUARIAL SCIENCE STA 253: Probability and Statistics (Aero III, Mech III, Industrial III, Geomatic III) Worksheet 2 First semester (2023/2024) Instructions: Answer ALL Questions. Make sure you include the name of group and the INDEX NUMBERS of all members who participated in the solutions. 1. Upon studying low bids for shipping contracts, a microcomputer manufacturing company finds that intrastate contracts have low bids that are uniformly distributed between 20 and 25, in units of thousands of dollars. Find the probability that the low bid on the next intrastate shipping contract (a) is below $22, 000. (b) is in excess of $24, 000. 2. Ace Heating and Air Conditioning Service finds that the amount of time a repairman needs to fix a furnace is uniformly distributed between 1.5 and four hours. Let X = the time needed to fix a furnace. Then X ∼ U (1.5, 4). (a) Find the probability that a randomly selected furnace repair requires more than two hours. (b) Find the 30th percentile of furnace repair times. (c) The longest 25% of furnace repair times take at least how long? (In other words: find the minimum time for the longest 25% of repair times.) What percentile does this represent? (d) Find the mean and standard deviation 3. Suppose that an average of 30 customers per hour arrive at a store and the time between arrivals is exponentially distributed. (a) On average, how many minutes elapse between two successive arrivals? (b) After a customer arrives, find the probability that it takes more than five minutes for the next customer to arrive. (c) After a customer arrives, find the probability that it takes less than one minute for the next customer to arrive. (d) Seventy percent of the customers arrive within how many minutes of the previous customer? 4. Suppose that X has a Weibull distribution with scale parameter δ = 8.6 and shape parameter β = 2. Determine the following: 1 a) P (X < 10) b) P (X > 9) c) P (8 < X < 11) d) Value for x such that P (X > x) = 0.9 5. In a certain city, the daily consumption of electric power, in millions of kilowatt-hours, is a random variable X having a gamma distribution with mean µ = 6 and variance σ 2 = 12. (a) Find the values of α and λ. (b) Find the probability that on any given day the daily power consumption will exceed 12 million kilowatt- hours. 6. One method of arriving at economic forecasts is to use a consensus approach. A forecast is obtained from each of a large number of analysts; the average of these individual forecasts is the consensus forecast. Suppose that the individual 1996 January prime interest–rate forecasts of all economic analysts are approximately normally distributed with mean7% and standard deviation 2.6%. If a single analyst is randomly selected from among this group, what is the probability that the analyst’s forecast of the prime interest rate will (a) Exceed 11%? (b) Be less than 9%? 7. The finished inside diameter of a piston ring is normally distributed with a mean of 10 centimeters and a standard deviation of 0.03 centimeter. (a) What proportion of rings will have inside diameters exceeding 10.075 centimeters? (b) What is the probability that a piston ring will have an inside diameter between 9.97 and 10.03 centimeters? (c) Below what value of inside diameter will 15% of the piston rings fall? 8. Suppose that the survival time, in weeks, of an animal subjected to a certain exposure of gamma radiation in a biomedical research is determined to have a gamma distribution with α = 5 and λ = 1/10. (a) What is the mean survival time of a randomly selected animal of the type used in the experiment? (b) What is the standard deviation of survival time? (c) What is the probability that an animal survives more than 30 weeks? 9. The number of miles that a particular car can run before its battery wears out is exponentially distributed with an average of 10,000 miles. The owner of the car needs to take a 5000-mile trip. What is the probability that he will be able to complete the trip without having to replace the car battery? 10. The length of life, in hours, of a drill bit in a mechanical operation has a Weibull distribution with δ = 0.986 and β = 50. (a) Find the probability that the bit will fail before 10 hours of usage. (b) What is the mean failure time? 2