TITLE:
Probability Distributions Arising in Connection with the Inspection Paradox for the Poisson Process
AUTHORS:
James E. Marengo, Anne Marino Himes, W. Cade Reinberger, David L. Farnsworth
KEYWORDS:
Inspection Paradox, Interarrival Time, Poisson Process, Renewal Process, Waiting Time
JOURNAL NAME:
Open Journal of Statistics,
Vol.13 No.1,
February
21,
2023
ABSTRACT: The
Inspection Paradox refers to the fact that in a Renewal Process, the length of
the interarrival period which contains a fixed time is stochastically larger
than the length of a typical interarrival period. To provide a more complete
understanding of this phenomenon, conditioning arguments are used to obtain the
distributions and moments of the lengths of
the interarrival periods other than the one containing this fixed time for the
case of the time-homogeneous Poisson Process. Distributions of the
waiting times for events that occur both before and after this fixed time are
derived. This provides a fairly complete probabilistic analysis of the
Inspection Paradox.