14. A certain brand of upright freezer is available in three different rated capacities: 16 ft3 ,18ft3, and 20ft3. Let X = the rated capacity of a freezer of this brand sold at a certain store. Suppose that X has pmf: X 16 18 20 P(x) 0.2 0.5 0.3 a. Compute E(X), E(X³), V(X) and standard deviation of X. b. If the price of a freezer having capacity X is 70X-650, what is the expected price paid by the next customer to buy a freezer? What is the variance of price paid by the next customer to buy a freezer?
14. A certain brand of upright freezer is available in three different rated capacities: 16 ft3 ,18ft3, and 20ft3. Let X = the rated capacity of a freezer of this brand sold at a certain store. Suppose that X has pmf: X 16 18 20 P(x) 0.2 0.5 0.3 a. Compute E(X), E(X³), V(X) and standard deviation of X. b. If the price of a freezer having capacity X is 70X-650, what is the expected price paid by the next customer to buy a freezer? What is the variance of price paid by the next customer to buy a freezer?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:14. A certain brand of upright freezer is available in three different rated capacities: 16
ft3 ,18ft3, and 20ft3. Let X = the rated capacity of a freezer of this brand sold at a
certain store. Suppose that X has pmf:
X 16 18 20 P(x) 0.2 0.5 0.3
a. Compute E(X), E(X³), V(X) and standard deviation of X.
b. If the price of a freezer having capacity X is 70X-650, what is the expected price paid
by the next customer to buy a freezer? What is the variance of price paid by the next
customer to buy a freezer?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
