Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Nov 2017 My Price 4.00

amount of product

Consider the plant of Exercise 4.97. How much of the bulk product should be stocked so that the plant’s chance of running out of the product is only .05?

Exercise 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 β = 4 (measurements in tons). Find the probability that the plant will use more than 4 tons on a given day.

 

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Maurice Tutor
(5)
Status NEW Posted 15 Nov 2017 02:11 PM My Price 4.00

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