Homework Help is Here – Start Your Trial Now!
Math
Statistics
An certain brand of upright freezer is available in three different rated capacities: 16 ft³, 18 ft³, and 20 ft. Let X = the rated capacity of a freezer of thi a certain store. Suppose that X has the following pmf. 18 20 16 0.4 0.1 0.5 (a) Compute E(X), E(X²), and V(X). E(X)= E(X²) V(X)= X P(x) (b) If the price of a freezer having capacity X is 69X-650, what is the expected price paid by the next customer to buy a freezer? (c) What is the variance of the price paid by the next customer?

An certain brand of upright freezer is available in three different rated capacities: 16 ft³, 18 ft³, and 20 ft. Let X = the rated capacity of a freezer of thi a certain store. Suppose that X has the following pmf. 18 20 16 0.4 0.1 0.5 (a) Compute E(X), E(X²), and V(X). E(X)= E(X²) V(X)= X P(x) (b) If the price of a freezer having capacity X is 69X-650, what is the expected price paid by the next customer to buy a freezer? (c) What is the variance of the price paid by the next customer?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
An certain brand of upright freezer is available in three different rated capacities: 16 ft³, 18 ft³, and 20 ft³. Let X = the rated capacity of a freezer of this brand sold at a certain store. Suppose that X has the following pmf. X p(x) 16 18 20 0.4 0.1 0.5 (a) Compute E(X), E(X²), and V(X). A³ E(X)= E(X²)= V(x)= (b) If the price of a freezer having capacity X is 69X-650, what is the expected price paid by the next customer to buy a freezer? $ (c) What is the variance of the price paid by the next customer? (d) Suppose that although the rated capacity of a freezer is X, the actual capacity is h(x) = X-0.009x². What is the expected actual capacity of the freezer purchased by the next customer? (Enter your answer to four decimal places.)
Transcribed Image Text:An certain brand of upright freezer is available in three different rated capacities: 16 ft³, 18 ft³, and 20 ft³. Let X = the rated capacity of a freezer of this brand sold at a certain store. Suppose that X has the following pmf. X p(x) 16 18 20 0.4 0.1 0.5 (a) Compute E(X), E(X²), and V(X). A³ E(X)= E(X²)= V(x)= (b) If the price of a freezer having capacity X is 69X-650, what is the expected price paid by the next customer to buy a freezer? $ (c) What is the variance of the price paid by the next customer? (d) Suppose that although the rated capacity of a freezer is X, the actual capacity is h(x) = X-0.009x². What is the expected actual capacity of the freezer purchased by the next customer? (Enter your answer to four decimal places.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
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
SEE MORE TEXTBOOKS