Solved: Lead time of a product in weeks is gamma-distributed with, Basic Statistics

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Lead time of a product in weeks is gamma-distributed with

Question: 1. Show that the beta distribution becomes the uniform distribution over the unit interval when ß1 = ß2 = 1.

2. Lead time of a product in weeks is gamma-distributed with shape parameter 2 and scale parameter 1. What is the probability that the lead time exceeds 3 weeks?

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Basic Statistics: Lead time of a product in weeks is gamma-distributed with

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Basic Statistics: Lead time of a product in weeks is gamma-distributed with

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