Engineering Economy
16th Edition
ISBN: 9780133582819
Author: Sullivan
Publisher: DGTL BNCOM
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Question
Chapter 12, Problem 16P
To determine
Calculate the variance.
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Students have asked these similar questions
The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors is as follows.
x
f(x)
0
0.001
1
0.007
2
0.034
3
0.099
4
0.188
5
6
0.220
7
0.136
8
0.055
9
0.015
10
0.001
24
Suppose the gross profit per vehicle sold is
$1,820
. The standard deviation of gross profit is,
a
$3,105.50
b
$3,029.76
c
$2,955.86
d
$2,883.77
Suppose that themean cost of domestic airfares in the United States is $399 per ticket, with a
standard deviation of $119. If domestic airfares are normally distributed, what is the cost for the
highest 5% of domestic airfares?
The accompanying table gives the outcomes and probability distribution of the number of times a student checks her e-mail daily:
Outcome (X)
(number of email checks)
Probability Distribution f(x)
0
0.05
1
0.15
2
0.30
3
0.25
4
0.15
5
0.08
6
0.02
Calculate the expected value and the variance.
Chapter 12 Solutions
Engineering Economy
Ch. 12 - Prob. 1PCh. 12 - Prob. 2PCh. 12 - A new snow making machine utilizes technology that...Ch. 12 - Prob. 4PCh. 12 - Prob. 5PCh. 12 - Prob. 6PCh. 12 - Prob. 7PCh. 12 - Prob. 8PCh. 12 - Prob. 9PCh. 12 - Prob. 10P
Ch. 12 - Prob. 11PCh. 12 - Prob. 12PCh. 12 - Prob. 13PCh. 12 - Prob. 14PCh. 12 - Prob. 15PCh. 12 - Prob. 16PCh. 12 - Prob. 17PCh. 12 - Prob. 18PCh. 12 - Prob. 19PCh. 12 - Prob. 20PCh. 12 - Prob. 21PCh. 12 - Prob. 22PCh. 12 - If the interest rate is 8% per year, what decision...Ch. 12 - Prob. 24PCh. 12 - Prob. 25PCh. 12 - Prob. 26SE
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