An appliance dealer sells three different models of upright freezers having 11.5, 14.9, and 20.1 cubic feet of storage space. Let x = the amount of storage space purchased by the next customer to buy a freezer. Suppose that x has the following probability distribution. X p(x) 11.5 14.9 20.1 0.2 0.5 0.3 (a) Calculate the mean (in cubic feet) of x. cubic feet Calculate the standard deviation (in cubic feet) of x. (Round your answer to three decimal places.) cubic feet (b) If the price of the freezer depends on the size of the storage space, x, such that Price = 25x8.5, what is the mean price paid (in dollars) by the next customer? $ (c) What is the standard deviation of the price paid (in dollars)? (Round your answer to the nearest cent.) $

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%
An appliance dealer sells three different models of upright freezers having 11.5, 14.9, and 20.1 cubic feet of storage space. Let x = the amount of storage space purchased by
the next customer to buy a freezer. Suppose that x has the following probability distribution.
X
p(x)
11.5 14.9 20.1
0.2 0.5 0.3
(a) Calculate the mean (in cubic feet) of x.
cubic feet
Calculate the standard deviation (in cubic feet) of x. (Round your answer to three decimal places.)
cubic feet
(b) If the price of the freezer depends on the size of the storage space, x, such that Price = 25x8.5, what is the mean price paid (in dollars) by the next customer?
$
(c) What is the standard deviation of the price paid (in dollars)? (Round your answer to the nearest cent.)
$
Transcribed Image Text:An appliance dealer sells three different models of upright freezers having 11.5, 14.9, and 20.1 cubic feet of storage space. Let x = the amount of storage space purchased by the next customer to buy a freezer. Suppose that x has the following probability distribution. X p(x) 11.5 14.9 20.1 0.2 0.5 0.3 (a) Calculate the mean (in cubic feet) of x. cubic feet Calculate the standard deviation (in cubic feet) of x. (Round your answer to three decimal places.) cubic feet (b) If the price of the freezer depends on the size of the storage space, x, such that Price = 25x8.5, what is the mean price paid (in dollars) by the next customer? $ (c) What is the standard deviation of the price paid (in dollars)? (Round your answer to the nearest cent.) $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 4 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman