Results 1 to 2 of 2

Math Help - limiting fraction (Renewal)

  1. #1
    Super Member Anonymous1's Avatar
    Joined
    Nov 2009
    From
    Big Red, NY
    Posts
    517
    Thanks
    1

    limiting fraction (Renewal)

    Monica works on a temporary basis. The mean length of each job she gets is 11 months. If the amount of time she spends between jobs is exponential with mean 3 months, then in the long run what fraction of time does she spend working?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Super Member
    Joined
    Mar 2010
    Posts
    906
    Thanks
    204
    I might not understand the problem correctly, but it sounds like "exponential" is unnecessary information. We only need to know the average time between jobs is 3 months, so she is working 11 months and not working 3 months.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Renewal Process
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: March 27th 2010, 09:09 PM
  2. Renewal (counting customers)
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: March 13th 2010, 03:05 PM
  3. Help with renewal theory
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: November 10th 2009, 01:47 PM
  4. What are the Limiting Distribution and Limiting Probabilities
    Posted in the Advanced Statistics Forum
    Replies: 4
    Last Post: April 3rd 2009, 12:49 PM
  5. Renewal Theory HELP!
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: April 1st 2009, 10:52 PM

Search Tags


/mathhelpforum @mathhelpforum