In 1997, private planes had 1.5 fatal crashes per 100 thousand flying hours. For a continuous random variable with an exponential distribution: What is the probability that the time between the next two crashes will fall between 50 and 70 thousands hours, i.e. P(50 ? x ? 70); x = thousands of flying hours between fatal crashes
0.1224
You might also like to view...
To counter the short exposure time of billboards and to take advantage of traffic jams, a rising area of outdoor advertising is the use of ads on the sides of city buses
Indicate whether the statement is true or false
An independent hardware retail store is 100 miles from the nearest city of more than 5,000 people and provides needed supplies for area ranchers. This hardware store would most likely buy its plumbing and electrical supplies through a ________
A) truck jobber B) commission merchant C) mail-order wholesaler D) rack jobber E) merchandise broker
Which of the following statements concerning capital structures around the world is correct?
A. There have been no significant observed differences between the capital structures of U.S. corporations and their German and Japanese counterparts. B. All countries use essentially the same international accounting conventions with respect to reporting assets on foreign companies' financial statements. C. Differences among countries in both bankruptcy costs and equity reporting costs leads to the conclusion that U.S. firms should have more equity and less debt than firms in Japan and Germany. D. Equity monitoring costs are higher in the United States than in Japan and Germany. E. Debt monitoring costs are lower in the United States than in Japan and Germany.
The Federal Trade Commission may issue a cease and desist order having the effect of an injunction
a. True b. False Indicate whether the statement is true or false