Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following. x < 0 x2 F(x) = 0 sx < 5 25 1 Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.) (a) Calculate P(X < 3). 0.04 (b) Calculate P(2.5 s X s 3). -0.21 (c) Calculate P(X > 3.5). 0.51 (d) What is the median checkout duration Ã? [solve 0.5 = F(Ñ)]. 3.5355 (e) Obtain the density function f(x). f(x) = F'(x) 1

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Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following.
F(x) = 
 
0      x < 0
 
x2
25
  0 ≤ x < 5
1   5 ≤ x
Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.)
(a)
Calculate P(X ≤ 3).
 
(b)
Calculate P(2.5 ≤ X ≤ 3).
 
(c)
Calculate P(X > 3.5).
 
(d)
What is the median checkout duration ? [solve 0.5 = F()].
 
(e)
Obtain the density function f(x).
f(x)  =  F ′(x)
   = 
 
15​x
 
 
 
   0 x < 5
0    otherwise
(f)
Calculate E(X).
 
(g)
Calculate V(X) and ?x.
V(X) ?x 
(h)
If the borrower is charged an amount h(X) = X2 when checkout duration is X, compute the expected charge 
E[h(X)].
Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following.
x < 0
F(x) =
0 <x < 5
25
1
5 < x
Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.)
(a) Calculate P(X < 3).
0.04
(b) Calculate P(2.5 < X < 3).
|-0.21
(c) Calculate P(X > 3.5).
0.51
(d) What is the median checkout duration i? [solve 0.5 = F()].
3.5355
(e) Obtain the density function f(x).
f(x) = F'(x)
1
0<x < 5
otherwise
(f) Calculate E(X).
8.3333
Transcribed Image Text:Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following. x < 0 F(x) = 0 <x < 5 25 1 5 < x Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.) (a) Calculate P(X < 3). 0.04 (b) Calculate P(2.5 < X < 3). |-0.21 (c) Calculate P(X > 3.5). 0.51 (d) What is the median checkout duration i? [solve 0.5 = F()]. 3.5355 (e) Obtain the density function f(x). f(x) = F'(x) 1 0<x < 5 otherwise (f) Calculate E(X). 8.3333
(e) Obtain the density function f(x).
f(x) = F'(x)
0 <x < 5
0.
otherwise
(f) Calculate E(X).
8.3333
(g) Calculate V(X) and oy.
V(X)
-64.4444
8.0277
(h) If the borrower is charged an amount h(X) = x2 when checkout duration is X, compute the expected charge E[h(X)].
Transcribed Image Text:(e) Obtain the density function f(x). f(x) = F'(x) 0 <x < 5 0. otherwise (f) Calculate E(X). 8.3333 (g) Calculate V(X) and oy. V(X) -64.4444 8.0277 (h) If the borrower is charged an amount h(X) = x2 when checkout duration is X, compute the expected charge E[h(X)].
Expert Solution
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Comment:  As per the our company guidelines we are supposed to answer only three subparts. Kindly repost other parts in the next question. 

Solution:

Let X denote the amount of time a book on two-hour reserve is actually checked out. 

The cumulative distribution function (cdf)  of X is 

F(x)=0x<0x2250x<515x

 

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