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What is the expected amount of gold a prospector digs in a day?

What is the expected amount of gold a prospector digs in a day?

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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What is the expected amount of gold a prospector digs in a day?
eu-s1, consider the following. The amount of gold X (in ounces) that a prospec- tor digs in a a day is a random variable with the following pdf: fx(x) = 6x(1 – x)I(0.1)(x) Assuming that the price of gold Y (in dollars) per ounce is uniformly distributed over the interval (1700, 2000] and is independent of X. Answer the following questions.
Transcribed Image Text:eu-s1, consider the following. The amount of gold X (in ounces) that a prospec- tor digs in a a day is a random variable with the following pdf: fx(x) = 6x(1 – x)I(0.1)(x) Assuming that the price of gold Y (in dollars) per ounce is uniformly distributed over the interval (1700, 2000] and is independent of X. Answer the following questions.
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