Consider the plant in Exercise 4.97. a. How much of the bulk product should be stocked so that the plant's chance of r
Posted: Tue Nov 23, 2021 9:20 am
- Consider The Plant In Exercise 4 97 A How Much Of The Bulk Product Should Be Stocked So That The Plant S Chance Of R 1 (15.68 KiB) Viewed 89 times
a. How much of the bulk product should be stocked so that the plant's chance of running out of the product is only 0.05? b. What is the probability that Y, the amount of product produced in one day, will take a value that falls within 2 standard deviations of its mean? Do NOT use Thebyshev's theorem.
4.97 A manufacturing plant uses a specific bulk product. The amount of product used in one day can be modeled by an exponential distribution with B = 4 (measurements in tons). Find the probability that the plant will use more than 4 tons on a given day. =