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14-03-2024
Mathematics

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Consider a renewal process for which the lifetimes x₁,x₂,dots are discrete random variables such that xᵢ=1 with probability 0.6 and xᵢ=2 with probability 0.4 . Let W₃ be the time of the third renewal.
a Find PW₃=4
b Compute E[W₃]

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