A shipping company handles containers in three different sizes: (1) 27 ft³ (3 × 3 × 3), (2) 125 ft³, and (3) 512 ft³. Let X; (i = 1, 2, 3) denote the number of type i containers shipped during a given week. With μ; = E(X;) and 0,2² = V(X), suppose that the mean values and standard deviations are as follows: = = 220 M1 01 10 M2 02 = = 250 = 13 μ3 = 03 = = 150 = 6 (a) Assuming that X1, X2, X3 are independent, calculate the expected value and variance of the total volume shipped. [Hint: Volume = 27X₁ + 125X2 + 512X3.] expected value variance ft³ ft6 1 (b) Would your calculations necessarily be correct if the X,'s were not independent? Explain. The expected value would be correct, but the variance would not be correct. The expected value would not be correct, but the variance would be correct. Neither the expected value nor the variance would be correct. Both the expected value and the variance would be correct.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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A shipping company handles containers in three different sizes: (1) 27 ft³ (3 × 3 × 3), (2) 125 ft³, and (3) 512 ft³. Let X; (i = 1, 2, 3) denote the number of type i containers shipped during a given week. With μ; = E(X;) and
0,2² = V(X), suppose that the mean values and standard deviations are as follows:
=
= 220
M1
01 10
M2
02 =
= 250
= 13
μ3 =
03 =
= 150
= 6
(a) Assuming that X1, X2, X3 are independent, calculate the expected value and variance of the total volume shipped. [Hint: Volume = 27X₁ + 125X2 + 512X3.]
expected value
variance
ft³
ft6
1
(b) Would your calculations necessarily be correct if the X,'s were not independent? Explain.
The expected value would be correct, but the variance would not be correct.
The expected value would not be correct, but the variance would be correct.
Neither the expected value nor the variance would be correct.
Both the expected value and the variance would be correct.
Transcribed Image Text:A shipping company handles containers in three different sizes: (1) 27 ft³ (3 × 3 × 3), (2) 125 ft³, and (3) 512 ft³. Let X; (i = 1, 2, 3) denote the number of type i containers shipped during a given week. With μ; = E(X;) and 0,2² = V(X), suppose that the mean values and standard deviations are as follows: = = 220 M1 01 10 M2 02 = = 250 = 13 μ3 = 03 = = 150 = 6 (a) Assuming that X1, X2, X3 are independent, calculate the expected value and variance of the total volume shipped. [Hint: Volume = 27X₁ + 125X2 + 512X3.] expected value variance ft³ ft6 1 (b) Would your calculations necessarily be correct if the X,'s were not independent? Explain. The expected value would be correct, but the variance would not be correct. The expected value would not be correct, but the variance would be correct. Neither the expected value nor the variance would be correct. Both the expected value and the variance would be correct.
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