First, suppose that bikers arrive to Station 1 (station id =1) according to a nonstationary Poisson process. Complete the below table (enclosed picture file) of arrival rates at Station 1.
Hint: Create a timevalue column. Excel ‘Timevalue (time text)’ returns the decimal number of the time represented by a text string. The decimal number is a value ranging from 0 (zero) to 0.99988426, representing the times from 0:00:00 (12:00:00 AM) to 23:59:59 (11:59:59 P.M.). For example, TIMEVALUE(“1-June-2017 6:35 AM”) = 0.2743. Use the histogram of the timevalue to compute the arrival rates.
Second, assign a destination (end station id) to each arrival at Station 1 by using a discrete probability distribution of this form: DISC(p1,1, p2,2,…p12,12)
Determine the value of p1, p2…p12 using the relative frequency bar chart of ‘end station id’. Copy and paste your Excel worksheet.
Finally, build a probabilistic model for the trip duration from Station 1 to Station i, with i=1,2,…12
i. First step is to remove outliers. If a bike has been rent out for more than 24 hours at a time, it is considered lost or stolen. Remove any trips longer than 24 hours (86,400 seconds). You can also remove more outliers if you think it is necessary.
ii. Considering the scatterplot below (Word document) and the location of the 12 stations, determine the probability distribution of the trip duration from Station 1 to Station i, with i =1, 2,…12.
You can use Arena Input Analyzer, @RISK, or any other statistical software you like. You may combine some (or even all) end stations to determine input probability distributions. Copy and paste your Arena Input analyzer results or Excel worksheet.
Copy and paste your Excel worksheet.
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more