Gasoline is to be stocked in a bulk tank once at the beginning of each week and then sold to individual customers. Let Y, denote the proportion of the capacity of the bulk tank that is available after the tank is stocked at the beginning of the week. Because of the limited supplies, Y, varies from week to week. Let Y, denote the proportion of the capacity of the bulk tank that is sold during the week. Because Y, and Y, are both proportions, both variables take on values between 0 and 1. Further, the amount sold, y, cannot exceed the amount available, y,. Suppose that the joint density function for Y, and Y, is given by (3y1 os y2 s Y, S 1, lo, f(y,, Y2) = elsewhere. A sketch of this function is given below. 3 1 y2 (a) Find F (Round your answer to four decimal places.) (b) Find Y2 the probability that the amount sold is less than one-eighth the amount purchased. (Enter your probability as a fraction.)
Gasoline is to be stocked in a bulk tank once at the beginning of each week and then sold to individual customers. Let Y, denote the proportion of the capacity of the bulk tank that is available after the tank is stocked at the beginning of the week. Because of the limited supplies, Y, varies from week to week. Let Y, denote the proportion of the capacity of the bulk tank that is sold during the week. Because Y, and Y, are both proportions, both variables take on values between 0 and 1. Further, the amount sold, y, cannot exceed the amount available, y,. Suppose that the joint density function for Y, and Y, is given by (3y1 os y2 s Y, S 1, lo, f(y,, Y2) = elsewhere. A sketch of this function is given below. 3 1 y2 (a) Find F (Round your answer to four decimal places.) (b) Find Y2 the probability that the amount sold is less than one-eighth the amount purchased. (Enter your probability as a fraction.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:Gasoline is to be stocked in a bulk tank once at the beginning of each week and then sold to individual customers. Let Y, denote the proportion of the capacity of the bulk tank that is
available after the tank is stocked at the beginning of the week. Because of the limited supplies, Y, varies from week to week. Let Y, denote the proportion of the capacity of the bulk
tank that is sold during the week. Because Y, and Y, are both proportions, both variables take on values between 0 and 1. Further, the amount sold, y,, cannot exceed the amount
available, y,. Suppose that the joint density function for Y, and Y, is given by
Į 3y,, os y2 s y, s 1,
f(Y1, Y2) =
elsewhere.
A sketch of this function is given below.
f(Yy» Y2)
3 -
1
(a) Find
(Round your answer to four decimal places.)
(b) Find
the probability that the amount sold is less than one-eighth the amount purchased. (Enter your probability as a fraction.)
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman