You own a local company that has special equipment for moving pianos. Your company has enough equipment to handle three pianos in a day. The number of requests to move pianos is a random variable with following distribution. → x f(x) 0 0.30 1 0.38 2 0.15 3 4 0.05 5 0.03 6 0.01
You own a local company that has special equipment for moving pianos. Your company has enough equipment to handle three pianos in a day. The number of requests to move pianos is a random variable with following distribution. → x f(x) 0 0.30 1 0.38 2 0.15 3 4 0.05 5 0.03 6 0.01
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
| You own a local company that has special equipment for moving pianos. Your company has enough equipment to handle three pianos in a day. The number of requests to move pianos is a random variable with following distribution. → |
| x | f(x) |
| 0 | 0.30 |
| 1 | 0.38 |
| 2 | 0.15 |
| 3 | |
| 4 | 0.05 |
| 5 | 0.03 |
| 6 | 0.01 |
| 4 | What is the expected value of the number of requests? | ||||
| a | 1.29 | ||||
| b | 1.33 | ||||
| c | 1.37 | ||||
| d | 1.41 | ||||
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