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. Еxpense (R.O) 5+R 25+R 10+ R 15+ R 20+ R Probability 0.05 0.35 0.25 0.15 0.12 0.08 Find the expected value of the anticipated maintenance costs. a. b. Find V(Rx+7).

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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R= 92
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
0.05
0.35
0.25
0.15
0.12
0.08
а.
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 0.05 0.35 0.25 0.15 0.12 0.08 а. Find the expected value of the anticipated maintenance costs. b. Find V(Rx+7).
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