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) = 0Sx < 4 16 1 4 S X Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.) (a) Calculate P(X s 2). (b) Calculate P(1.5 sXS 2). (c) Calculate P(X > 2.5).

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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.
x < 0
x2
F(x) =
OSX< 4
16
1.
4 < X
Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.)
(a) Calculate P(X S 2).
(b) Calculate P(1.5 SXS 2).
(c) Calculate P(X > 2.5).
(d) What is the median checkout duration i? [solve 0.5 = F()].
(e) Obtain the density function f(x).
f(x) = F'(x)
0<x< 4
otherwise
(f) Calculate E(X).
(g) Calculate V(X) and o
V(X)
(h) If the borrower is charged an amount h(X) = x- when checkout duration is X, compute the expected charge E[h(X)].
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 x2 F(x) = OSX< 4 16 1. 4 < X Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.) (a) Calculate P(X S 2). (b) Calculate P(1.5 SXS 2). (c) Calculate P(X > 2.5). (d) What is the median checkout duration i? [solve 0.5 = F()]. (e) Obtain the density function f(x). f(x) = F'(x) 0<x< 4 otherwise (f) Calculate E(X). (g) Calculate V(X) and o V(X) (h) If the borrower is charged an amount h(X) = x- when checkout duration is X, compute the expected charge E[h(X)].
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