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Quantifying the Inspection Paradox with Random Time.
Quantifying the Inspection Paradox with Random Time.
- Source :
- American Statistician; Aug2023, Vol. 77 Issue 3, p274-282, 9p
- Publication Year :
- 2023
-
Abstract
- The well-known inspection paradox of renewal theory states that, in expectation, the inspection interval is larger than a common renewal interval, in general. For a random inspection time, which includes the deterministic case, and a delayed renewal process, representations of the expected length of an inspection interval and related inequalities in terms of covariances are shown. Datasets of eruption times of Beehive Geyser and Riverside Geyser in Yellowstone National Park, as well as several distributional examples, illustrate the findings. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00031305
- Volume :
- 77
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- American Statistician
- Publication Type :
- Academic Journal
- Accession number :
- 169847628
- Full Text :
- https://doi.org/10.1080/00031305.2022.2151510