1. A shipping company handles containers in three different sizes: (1) 27 ft³ (3 × 3 × 3), (2) 125 ft³ and (3) 512 ft3. Let Xi (i = 1,2,3) denote the number of type i containers shipped during a given week. With E(X) and σ = var(X₁), suppose that the mean values and standard deviations are as follows: fi = με = 200, 2250, μз 100 01 10,02 12, 03 = 8. = = (a) Assuming that X1, X2, X3 are independent, calculate the expected value and variance of the total volume shipped. [Hint: Volume =27X1+125X2 + 512X3.] (b) Would your calculations necessarily be correct if the X's were not independent? Explain.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
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1. A shipping company handles containers in three different sizes: (1)
27 ft³ (3 × 3 × 3), (2) 125 ft³ and (3) 512 ft3. Let Xi (i = 1,2,3)
denote the number of type i containers shipped during a given week.
With E(X) and σ = var(X₁), suppose that the mean values and
standard deviations are as follows:
fi
=
με
=
200, 2250, μз 100
01 10,02 12, 03 = 8.
=
=
(a) Assuming that X1, X2, X3 are independent, calculate the expected
value and variance of the total volume shipped. [Hint: Volume
=27X1+125X2 + 512X3.]
(b) Would your calculations necessarily be correct if the X's were not
independent? Explain.
Transcribed Image Text:1. A shipping company handles containers in three different sizes: (1) 27 ft³ (3 × 3 × 3), (2) 125 ft³ and (3) 512 ft3. Let Xi (i = 1,2,3) denote the number of type i containers shipped during a given week. With E(X) and σ = var(X₁), suppose that the mean values and standard deviations are as follows: fi = με = 200, 2250, μз 100 01 10,02 12, 03 = 8. = = (a) Assuming that X1, X2, X3 are independent, calculate the expected value and variance of the total volume shipped. [Hint: Volume =27X1+125X2 + 512X3.] (b) Would your calculations necessarily be correct if the X's were not independent? Explain.
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