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Information for Question 15 - 16: Erinn must decide whether to add the cost of towine insurance to her car insurance policy. The additional cost is $50 annually. She has an older car that is not super rellable. Se decides to analyze her expected annual towing costs and then she will decide whether it is cost effective for her to buy the towing insurance or not. She estimates the probability that her car will break down and need to be towed once dunng the year is 0.15. She also estimates that the probability that it will need to be towed twice durine the vear is 0.1IO, Lastiy, she believes that it is extremely unlikely that it will need to be towed more that twice, so she assigns probability of 0 to having the car towed more than twice. The typical price of towing a vehicle in CTIS approximately $225.00. Let the random variable X- Erinn's towing charges annually. To begin her analysis she completes the table below: X- Amount Spent on Towing Probability Erinn's car does not need to be towed s0.00 Erinn's car needs to be towed once during the year Erinn's car needs to be towed twice during the year Calculate ECX). (Note: ED) - her expected average annual towing charges.)

Information for Question 15 - 16: Erinn must decide whether to add the cost of towine insurance to her car insurance policy. The additional cost is $50 annually. She has an older car that is not super rellable. Se decides to analyze her expected annual towing costs and then she will decide whether it is cost effective for her to buy the towing insurance or not. She estimates the probability that her car will break down and need to be towed once dunng the year is 0.15. She also estimates that the probability that it will need to be towed twice durine the vear is 0.1IO, Lastiy, she believes that it is extremely unlikely that it will need to be towed more that twice, so she assigns probability of 0 to having the car towed more than twice. The typical price of towing a vehicle in CTIS approximately $225.00. Let the random variable X- Erinn's towing charges annually. To begin her analysis she completes the table below: X- Amount Spent on Towing Probability Erinn's car does not need to be towed s0.00 Erinn's car needs to be towed once during the year Erinn's car needs to be towed twice during the year Calculate ECX). (Note: ED) - her expected average annual towing charges.)

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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N dyour orts Clucosamine also supports the my the formation of cartrage, a CI ced upports 5 signs ofjoint health www.R nt breasteeding wonen f or resed ums derd tron bovine DOES MOVE FREE WORK? QUESTION 15 momation for Question 15 - 16: Erinn must decide whether to add the cost of towing insurance to her car insurance policy. The additional cost is $50 annually. She has an older car that is not super reliable. She decides to analyze her expected annual towing costs and then she will decide whether it is cost effective for her to buy the towing insurance or not. She estimates the probability that her car will break down and need to be towed once during the year is 0.15. She also estimates that the probability that it will need to be towed twwice during the vear is 0.10. Lastly, she believes that it is extremely unlikely that it will need to be towed more that twice, so she assigns probability of 0 to having the car towed more than twice. The typical price of towing a vehicle in CT is approximately $225.00. Let the random variable X- Erinn's towing charges annually. To begin her analysis she completes the table below: X- Amount Spent on Towing Erinn's car does not need to be towed Probability $0.00 Erinn's car needs to be towed once during the year Erinn's car needs to be towed twice during the year Calculate E(X). (Note: EX) - her expected average annual towing charges.) O a. $78.75 O b. $45.00 C. $240.00 O d. $62.00 O e. $24.00 Click Save and Submit to save and submit. Click Save All Answers to save all ansuvers E DE C.DREN Sohi eedinnmen ton resr 12ariper ident sal er msng AN- NE HOR S MOVE FREE WORKT EXTRACT t5 signs of joint h yo enghbricalon and co Amine CELE Cent Heps e formation of ca Sant in eurydaye INR a ste she
Transcribed Image Text:N dyour orts Clucosamine also supports the my the formation of cartrage, a CI ced upports 5 signs ofjoint health www.R nt breasteeding wonen f or resed ums derd tron bovine DOES MOVE FREE WORK? QUESTION 15 momation for Question 15 - 16: Erinn must decide whether to add the cost of towing insurance to her car insurance policy. The additional cost is $50 annually. She has an older car that is not super reliable. She decides to analyze her expected annual towing costs and then she will decide whether it is cost effective for her to buy the towing insurance or not. She estimates the probability that her car will break down and need to be towed once during the year is 0.15. She also estimates that the probability that it will need to be towed twwice during the vear is 0.10. Lastly, she believes that it is extremely unlikely that it will need to be towed more that twice, so she assigns probability of 0 to having the car towed more than twice. The typical price of towing a vehicle in CT is approximately $225.00. Let the random variable X- Erinn's towing charges annually. To begin her analysis she completes the table below: X- Amount Spent on Towing Erinn's car does not need to be towed Probability $0.00 Erinn's car needs to be towed once during the year Erinn's car needs to be towed twice during the year Calculate E(X). (Note: EX) - her expected average annual towing charges.) O a. $78.75 O b. $45.00 C. $240.00 O d. $62.00 O e. $24.00 Click Save and Submit to save and submit. Click Save All Answers to save all ansuvers E DE C.DREN Sohi eedinnmen ton resr 12ariper ident sal er msng AN- NE HOR S MOVE FREE WORKT EXTRACT t5 signs of joint h yo enghbricalon and co Amine CELE Cent Heps e formation of ca Sant in eurydaye INR a ste she
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