A Concise Summary
Everything you need to know about exponential and Poisson
Assume that X exp(), by which we mean that X has an exponential distribution with
rate . Then X has mean 1/; i.e., EX = 1/. Also the variance is V ar(X )
IEOR 4106: Introduction to Operations Research: Stochastic Models
Spring 2004, Professor Whitt
First Midterm Exam: Thursday, February 19
Chapters 1-4 in Ross, SOLUTIONS
Justify your answers; show your work.
1. Which textbook is best? (35 points)
In its ne
IEOR 3106: Introduction to Operations Research: Stochastic Models
SOLUTIONS to Part I of the First Midterm Exam, October 5, 2010
You need to show your work. Briey explain your reasoning.
1. A Game of Chance (15 points)
Consider a game of chance played by