Possible values of X, the number of components in a system submitted for repair that must be replaced, are 1, 2, 3, and 4 withcorresponding probabilities 0.15, 0.15, 0.35, and 0.35, respectively.(a) Calculate E(X) and then E(5 – X).E(X)=E(5 - X)(b) Would the repair facility be better off charging a flat fee of $95 or else the amount $150?[(5 - X)]Note: It is not generally true that E.E(Y)150The repair facility-Select--- v be better off charging a flat fee of $95 because E(5 - X)

values of X, the number of components in a system submitted for repair that must be replaced, are 1, 2, 3, and 4 with onding probabilities 0.15, 0.15, 0.35, and 0.35, respectively. alculate E(X) and then E(5 – X). E(X) = 5 - X) - 150 ould the repair facility be better off charging a flat fee of $95 or else the amount $ [(5 – X) Wote: It is not generally true that 150 e repair facility | -Select--- v be better off charging a flat fee of $95 because E (5 - X)]

values of X, the number of components in a system submitted for repair that must be replaced, are 1, 2, 3, and 4 with onding probabilities 0.15, 0.15, 0.35, and 0.35, respectively. alculate E(X) and then E(5 – X). E(X) = 5 - X) - 150 ould the repair facility be better off charging a flat fee of $95 or else the amount $ [(5 – X) Wote: It is not generally true that 150 e repair facility | -Select--- v be better off charging a flat fee of $95 because E (5 - X)]

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

The two lines below interest as shown. What is the value of x? (2r + 29)* (9x – 13)* O12
solve it . whats wrong ?
G and H are mutually exclusive. given, P(G)=0.5 and P(H)=0.3 Find P(H or G)?
Select all the points below that would be in the solution set of the function y = x. %3D (2,5) (5, 2) (0, 0) (4, 10) (10, 4)
Which of these functions has exactly two different zeros? 2-10 g(z)%3D% /(z)%3D o h(z) =- 4z + 4 o k(z) =+ 11z + 24 4r+4
A food manufacturer uses an extruder (a machine that produces bite-size cookies and snack food) that yields revenue for the firm at a rate of $200 per hour when in operation. However, the extruder breaks down an average of two times every day it operates. If Y denotes the number of breakdowns per day, the daily revenue generated by the machine is R = 1600 − 50Y 2. Find the expected daily revenue for the extruder.