EBK STATISTICAL TECHNIQUES IN BUSINESS
EBK STATISTICAL TECHNIQUES IN BUSINESS
17th Edition
ISBN: 9781259924163
Author: Lind
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 20, Problem 18CE

a.

To determine

Find the total number of cars needed in order to maximize profit.

b.

To determine

Obtain the expected value of perfect information.

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17. Suppose that X1, X2,..., Xn are random variables, such that E|xk| < ∞ for all k, and set Yn = max1
6. Show that, for any random variable, X, and a > 0, L P(x < X ≤ x+a) dx = a. 2015
15. This problem extends Problem 20.6. Let X, Y be random variables with finite mean. Show that (P(X ≤ x ≤ Y) - P(Y < x ≤ X))dx = E Y — E X.
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