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Task 3 Ali has bought a phone from apple store at a cost of 450 R.O. He has an option of buying an extended service warranty offering 2 years of coverage for 35 R.O. After discussing with his friends and reading reports, Ali believes the probabilities of following maintenance expenses could be incurred during the next 2 years. Expense ( R.O) 15+ R 20+R S+R 10+ R 25+R Probability 0.25 0.05 0.35 0.15 0.12 0.08 a. Find the expected value of the anticipated maintenance costs. b. Find V(Rx+7).

Task 3 Ali has bought a phone from apple store at a cost of 450 R.O. He has an option of buying an extended service warranty offering 2 years of coverage for 35 R.O. After discussing with his friends and reading reports, Ali believes the probabilities of following maintenance expenses could be incurred during the next 2 years. Expense ( R.O) 15+ R 20+R S+R 10+ R 25+R Probability 0.25 0.05 0.35 0.15 0.12 0.08 a. Find the expected value of the anticipated maintenance costs. b. Find V(Rx+7).

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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Task 3 Ali has bought a phone from apple store at a cost of 450 R.O. He has an option of buying an extended service warranty offering 2 years of coverage for 35 R.O. After discussing with his friends and reading reports, Ali believes the probabilities of following maintenance expenses could be incurred during the next 2 years. Expense ( R.O) 5+R 10+ R 15+ R 20+ R 25+ R Probability 0.35 0.25 0.15 0.12 0.08 0.05 a. Find the expected value of the anticipated maintenance costs. b. Find V(Rx+7).
Transcribed Image Text:Task 3 Ali has bought a phone from apple store at a cost of 450 R.O. He has an option of buying an extended service warranty offering 2 years of coverage for 35 R.O. After discussing with his friends and reading reports, Ali believes the probabilities of following maintenance expenses could be incurred during the next 2 years. Expense ( R.O) 5+R 10+ R 15+ R 20+ R 25+ R Probability 0.35 0.25 0.15 0.12 0.08 0.05 a. Find the expected value of the anticipated maintenance costs. b. Find V(Rx+7).
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