Respond to the following discussion prompt in a minimum:
Many business activities generate data that can be thought of as random. An example described in the textbook is the servicing of cars at an oil change shop. Each car entering the shop can be considered an experiment with random outcomes. A variable of interest in this experiment could be the amount of time necessary to service the car. Service time will vary randomly with each car.
We can often capture the most relevant characteristics of a stochastic process with a simple probability distribution model. We can then analyze the model to make predictions and drive decisions. For instance, we could estimate the number of technicians the oil change shop needs to service demand on a Saturday afternoon. Discuss the following:
• What is a random variable?
• How would you differentiate a discrete from a continuous random variable?
A laptop manufacturing company has implemented a 2-step process to test the quality of each production batch. In the first step, a technician randomly selects 15 laptops from the batch and determines whether they meet specifications. The batch is considered acceptable provided no more than 1 laptop fails to meet specifications. Otherwise, the entire batch must be tested in the second step. Historical data shows that 95% of the laptops produced adhere to specifications. Discuss the following:
• What are the 4 characteristics of a binomial experiment?
• Can we use a binomial distribution to model this process?
• What is the probability that the entire batch unnecessarily has to be tested if in fact 95% of its laptops conform to specifications? (Hint: Use Excel’s =BINOMDIST() function to find the probability.)
• What is the probability that the batch is incorrectly accepted if only 75% of its laptops conform to specifications?
Vaporwave itself is a sublet of the electronic music class. The term of electronic music can apply to any kind of music created by electrical or advanced methods; be that as it may, "for music to be unequivocally electronic then the author of the music must interface with the electronic medium and electronic preparing applied to his melodic idea" (Misachi). Right now, music is more a procedure of making music than a class. Vaporwave specialists apply an electronic procedure to recently made melodies or sound clasps to make a totally new sonic picture. 81. Specialists legitimately collaborate with the tracks inside their works, including reverberation, reverberation highlights, new rhythms, synthesizers, and many included additional layers. By handling each track and segment of a tune, vaporwave craftsmen are dynamic in utilizing the electronic and advanced world to make their works. The musicality in vaporwave, however not in every case aurally satisfying, is available innately in the piece made. A political point on the devastation of humankind through private enterprise, the vaporwave development has been a totally one of a kind expansion to the music business. Works Cited Baghale, Audrin. "Vaporwave: The Genre That Never Was." The Daily Lobo, 25 Apr. 2017, 16:49. Chandler, Simon. "Getting away from Reality: the Iconography of Vaporwave." Bandcamp Daily, 16 Sept. 2016, 11:04. Chandler, Simon. "Classification As Method: The Vaporwave Family Tree, From Eccojams to Hardvapour." Bandcamp Daily, 21 Nov. 2016, 11:06. Chandler, Simon. "Music of the Spectacle: Alienation, Irony and the Politics of Vaporwave." Bandcamp Daily, 23 Aug. 2016, 11:00. Galil, Leor. "Vaporwave and the Observer Effect." Chicago Reader, Chicago Reader, 19 Feb. 2013. Jones, Charlie. "Remark: Vaporwave and the Pop-Art of the Virtual Plaza." Dummy Mag, Dummy, 7 Dec. 2012. 82. Kaylar, Zachariah. "Moment Nostalgia: How Hypnagogic Pop Is Redefining Culture and Why You Should Be Listening to Ducktails." COTMA, ASU Blaze Radio, 25 Oct. 2013. Misachi, John. "What Is Electronic Music?" WorldAtlas, 25 Apr. 2017. About Essay Sauce This page of the paper has 524 words. Download the full form above. >GET ANSWER