Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following. 0 x < 0 +² F(x)= 0≤x≤ 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 ≤ 3). 0.5625 (b) Calculate P(2.5 ≤ x ≤ 3). 0.1719 (c) Calculate P(x > 3.5). 0.2344 (d) What is the median checkout duration ? [solve 0.5 = F(ū)]. (e) Obtain the density function f(x). f(x) = F'(x) (f) Calculate E(X). (g) Calculate V(X) and a V(x) (h) If the borrower is charged an amount h(x) = x² when checkout duration is X, compute the expected charge E[h(x)]. 0≤x < 4 otherwise

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.CT: Chapter Test
Problem 4CT
Question

Q5

Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following.
0
x < 0
+²
F(x)=
0≤x≤ 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 ≤ 3).
0.5625
(b) Calculate P(2.5 ≤ x ≤ 3).
0.1719
(c) Calculate P(x > 3.5).
0.2344
(d) What is the median checkout duration ? [solve 0.5 = F(ū)].
(e) Obtain the density function f(x).
f(x) = F'(x)
(f) Calculate E(X).
(g) Calculate V(X) and a
V(x)
(h) If the borrower is charged an amount h(x) = x² when checkout duration is X, compute the expected charge E[h(x)].
0≤x < 4
otherwise
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. 0 x < 0 +² F(x)= 0≤x≤ 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 ≤ 3). 0.5625 (b) Calculate P(2.5 ≤ x ≤ 3). 0.1719 (c) Calculate P(x > 3.5). 0.2344 (d) What is the median checkout duration ? [solve 0.5 = F(ū)]. (e) Obtain the density function f(x). f(x) = F'(x) (f) Calculate E(X). (g) Calculate V(X) and a V(x) (h) If the borrower is charged an amount h(x) = x² when checkout duration is X, compute the expected charge E[h(x)]. 0≤x < 4 otherwise
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