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The profit is $350 for each computer assembled by a

Fundamentals of Probability, with Stochastic Processes | 3rd Edition | ISBN: 9780131453401 | Authors: Saeed Ghahramani ISBN: 9780131453401 223

Solution for problem 9 Chapter 7.3

Fundamentals of Probability, with Stochastic Processes | 3rd Edition

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Fundamentals of Probability, with Stochastic Processes | 3rd Edition | ISBN: 9780131453401 | Authors: Saeed Ghahramani

Fundamentals of Probability, with Stochastic Processes | 3rd Edition

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Problem 9

The profit is $350 for each computer assembled by a certain person. Suppose that the assembler guarantees his computers for one year and the time between two failures of a computer is exponential with mean 18 months. If it costs the assembler $40 to repair a failed computer, what is the expected profit per computer? Hint: Let N (t) be the number of times that the computer fails in [0, t]. Then $ N (t): t 0 % is a Poisson process with parameter = 1/18.

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Textbook: Fundamentals of Probability, with Stochastic Processes
Edition: 3
Author: Saeed Ghahramani
ISBN: 9780131453401

The full step-by-step solution to problem: 9 from chapter: 7.3 was answered by , our top Statistics solution expert on 01/05/18, 06:24PM. Since the solution to 9 from 7.3 chapter was answered, more than 220 students have viewed the full step-by-step answer. The answer to “The profit is $350 for each computer assembled by a certain person. Suppose that the assembler guarantees his computers for one year and the time between two failures of a computer is exponential with mean 18 months. If it costs the assembler $40 to repair a failed computer, what is the expected profit per computer? Hint: Let N (t) be the number of times that the computer fails in [0, t]. Then $ N (t): t 0 % is a Poisson process with parameter = 1/18.” is broken down into a number of easy to follow steps, and 86 words. This textbook survival guide was created for the textbook: Fundamentals of Probability, with Stochastic Processes, edition: 3. Fundamentals of Probability, with Stochastic Processes was written by and is associated to the ISBN: 9780131453401. This full solution covers the following key subjects: . This expansive textbook survival guide covers 59 chapters, and 1142 solutions.

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