In a restaurant there are three machines frying chips. At any given moment, at least two of the three machines are working. Otherwise a "STOP" sign must be hung on the machines and it will have to get repaired. Define Yi as the life span of the i-th machine that is distributed as Gamma (3,1) (in the months). Suppose that the machines work independently of each other.
1) Find the density function of Yi. What is the probability that one machine has a life span over two months?
2) Assume that every machine was bought at the same time. What is the probability that the restaurant can run without any repairing for more than two months? Denote the time until its first repair occurs as Z.
3)Find the cumulative distribution function of Z.
In a restaurant there are three machines frying chips. At any given moment, at least two...
1. Three couples and two single individuals have been invited to an investment seminar and agreed to attend. Suppose the probability that any particular couple or individual arrives late is 0.4. (Any couple drives in the same car so they are either both late or both on time.) Assume that different couples and individuals arrive independently of one another. Let X = the number of people who arrive late for the seminar. a. Determine the pmf of X (Hint: label...
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Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around risk and threat management, fostering an environment in which objectives seem clear: manage risk, manage threat, stop attacks, identify attackers. These objectives aren't wrong, but they are fundamentally misleading.In this session we'll examine the state of the information security industry in order to understand how the current climate fails to address the true needs of the business. We'll use those lessons as a foundation...