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Consider the experiment of office arrival. Then S={late, on time, early}. Let the RV Y represent the amount of charge/reward one would receive based on their arrival time. According to the company's policy: Late arrival costs 10 Afs On-time arrival is rewarded with 2 Afs Early arrival will be rewarded with 12 Afs   We run the experiment 100 times and get the following distribution: Pr(Late)~0.3, Pr(Ontime)~0.12, Pr(Early) ~ .58 Compute: E[Y] Var[Y] sd[Y]

Consider the experiment of office arrival. Then S={late, on time, early}. Let the RV Y represent the amount of charge/reward one would receive based on their arrival time. According to the company's policy: Late arrival costs 10 Afs On-time arrival is rewarded with 2 Afs Early arrival will be rewarded with 12 Afs   We run the experiment 100 times and get the following distribution: Pr(Late)~0.3, Pr(Ontime)~0.12, Pr(Early) ~ .58 Compute: E[Y] Var[Y] sd[Y]

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
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Consider the experiment of office arrival. Then S={late, on time, early}. Let the RV Y represent the amount of charge/reward one would receive based on their arrival time. According to the company's policy:

Late arrival costs 10 Afs

On-time arrival is rewarded with 2 Afs

Early arrival will be rewarded with 12 Afs

 

We run the experiment 100 times and get the following distribution: Pr(Late)~0.3, Pr(Ontime)~0.12, Pr(Early) ~ .58

Compute:

E[Y]

Var[Y]

sd[Y]

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