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7. Consider the following probability density function for a continuous random variable X: f(x) = if 1

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

7. Consider the following probability density function for a continuous random variable X:
f(x) =
(b) U(x) = x².
if 1 < x <e¹
0 otherwise
where e'is the exponential at 1
Compute the mathematical expectations of the following functions.
(a) U(x) = r.

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