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 f 0 < x < 4 16 1 F(x) = 2 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 ≤ x ≤ 2). 4 ≤ x (c) Calculate P(x > 2.5). (d) What is the median checkout duration μ? [solve 0.5 = F()]. (f) Calculate E(X). (e) Obtain the density function f(x). f(x) = f'(x) x (g) Calculate V(X) and o V(X) 0≤x < 4 otherwise (h) If the borrower is charged an amount (X) = x² when checkout duration is X, compute the expected charge E[h(X)]

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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.
0
x < 0
0 < x < 4
F(x) =
{
2
16
1
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 ≤ x ≤ 2).
x
4 ≤ x
(c) Calculate P(x > 2.5).
(f) Calculate E(X).
(d) What is the median checkout duration μ? [solve 0.5 = F()].
(e) Obtain the density function f(x).
f(x) = f'(x)
(g) Calculate V(X) and o
V(X)
0≤x < 4
otherwise
(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: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 0 < x < 4 F(x) = { 2 16 1 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 ≤ x ≤ 2). x 4 ≤ x (c) Calculate P(x > 2.5). (f) Calculate E(X). (d) What is the median checkout duration μ? [solve 0.5 = F()]. (e) Obtain the density function f(x). f(x) = f'(x) (g) Calculate V(X) and o V(X) 0≤x < 4 otherwise (h) If the borrower is charged an amount h(x)=x² when checkout duration is X, compute the expected charge E[h(X)].
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