Explanation Given Information: The provided table is: Price $ 5.50 $ 10 $ 12 $ 15 Frequency (Weeks) 1 2 3 4 Weekly Sales 6 , 200 3 , 500 3 , 000 1 , 000 Consider the provided table: Price $ 5.50 $ 10 $ 12 $ 15 Frequency (Weeks) 1 2 3 4 Weekly Sales 6 , 200 3 , 500 3 , 000 1 , 000 Consider the revenue of sales of book as x . Compute the Revenue for weekly sales, X = 6200 by multiplying the price of book by weekly sales. Revenue = 5.50 × 6200 = 34 , 100 Compute the Revenue for weekly sales, X = 3500 Revenue = 10 × 3500 = 35 , 000 Compute the Revenue for weekly sales, X = 3000 Revenue = 12 × 3000 = 36 , 000 Compute the Revenue for weekly sales, X = 1000 Revenue = 15 × 1000 = 15 , 000 Evaluate the sum of all frequencies. N = 1 + 2 + 3 + 4 N = 10 Compute the probability for X = 34100 using the formula P ( X = x ) = Frequency of x Total number of outcomes as, P ( X = 34100 ) = Frequency of 34100 Total number of outcomes = 1 10 = 0.1 Compute the probability for X = 35000 , P ( X = 35000 ) = Frequency of 35000 Total number of outcomes = 2 10 = 0.2 Compute the probability for X = 36000 , P ( X = 36000 ) = Frequency of 36000 Total number of outcomes = 3 10 = 0.3 Compute the probability for X = 15000 , P ( X = 15000 ) = Frequency of 15000 Total number of outcomes = 4 10 = 0.4 The probability distribution for X is, x 34100 35000 36000 15000 P ( X = x ) 0.1 0.2 0.3 0

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ISBN: 9781337291262

Author: Stefan Waner, Steven Costenoble

Publisher: Brooks Cole

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Question

Chapter 8, Problem 39RE

To determine

Whether the statement “If X and Y are two random variables, then E(XY)=E(X)E(Y)” is true or false, which means the expected value of the product of two random variables is the product of the expected values.

Expert Solution & Answer

Chapter 8 Solutions

Finite Mathematics, Loose-leaf Version

Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - Prob. 2E Ch. 8.1 - Prob. 3E Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - Prob. 6E Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - Prob. 8E Ch. 8.1 - Prob. 9E Ch. 8.1 - In Exercises 110, classify the random variable X...

Ch. 8.1 - In Exercises 1118, (a) say what an appropriate...Ch. 8.1 - In Exercises 1118, (a) say what an appropriate...Ch. 8.1 - Prob. 13E Ch. 8.1 - In Exercises 1118, (a) say what an appropriate...Ch. 8.1 - In Exercises 1118, (a) say what an appropriate...Ch. 8.1 - In Exercises 1118, (a) say what an appropriate...Ch. 8.1 - In Exercises 1118, (a) say what an appropriate...Ch. 8.1 - Prob. 18E Ch. 8.1 - Prob. 19E Ch. 8.1 - The random variable X has the probability...Ch. 8.1 - In Exercises 2128, give the probability...Ch. 8.1 - In Exercises 2128, give the probability...Ch. 8.1 - Prob. 23E Ch. 8.1 - In Exercises 2128, give the probability...Ch. 8.1 - In Exercises 2128, give the probability...Ch. 8.1 - In Exercises 2128, give the probability...Ch. 8.1 - Prob. 27E Ch. 8.1 - Prob. 28E Ch. 8.1 - 2010 Income Distribution up to $100,000 The...Ch. 8.1 - 2003 Income Distribution up to $100,000 Repeat...Ch. 8.1 - Population Age in Mexico The following chart shows...Ch. 8.1 - Population Age in the United States Repeat...Ch. 8.1 - Sport Utility VehiclesTow Ratings The following...Ch. 8.1 - Housing Prices Going into the Real Estate Bubble...Ch. 8.1 - Stock Market Gyrations The following chart shows...Ch. 8.1 - Prob. 36E Ch. 8.1 - Prob. 37E Ch. 8.1 - Test Scores Your scores for the 20 surprise math...Ch. 8.1 - Car Purchases To persuade his parents to...Ch. 8.1 - Car Purchases Carmines parents, not convinced of...Ch. 8.1 - Prob. 41E Ch. 8.1 - Prob. 42E Ch. 8.1 - Prob. 43E Ch. 8.1 - Prob. 44E Ch. 8.1 - Highway Safety Exercises 4150 are based on the...Ch. 8.1 - Prob. 46E Ch. 8.1 - Highway Safety Exercises 4150 are based on the...Ch. 8.1 - Prob. 48E Ch. 8.1 - Prob. 49E Ch. 8.1 - Highway Safety Exercises 4150 are based on the...Ch. 8.1 - Prob. 51E Ch. 8.1 - Prob. 52E Ch. 8.1 - Prob. 53E Ch. 8.1 - Prob. 54E Ch. 8.1 - Prob. 55E Ch. 8.1 - Prob. 56E Ch. 8.1 - Prob. 57E Ch. 8.1 - Prob. 58E Ch. 8.1 - Prob. 59E Ch. 8.1 - Give an example of a real-life situation that can...Ch. 8.1 - Prob. 61E Ch. 8.1 - Prob. 62E Ch. 8.1 - Prob. 63E Ch. 8.1 - Prob. 64E Ch. 8.2 - In Exercises 110, you are performing five...Ch. 8.2 - Prob. 2E Ch. 8.2 - Prob. 3E Ch. 8.2 - In Exercises 110, you are performing five...Ch. 8.2 - In Exercises 110, you are performing five...Ch. 8.2 - Prob. 6E Ch. 8.2 - In Exercises 110, you are performing five...Ch. 8.2 - In Exercises 110, you are performing five...Ch. 8.2 - Prob. 9E Ch. 8.2 - In Exercises 110, you are performing five...Ch. 8.2 - In Exercises 1118, X is a binomial variable with...Ch. 8.2 - In Exercises 1118, X is a binomial variable with...Ch. 8.2 - In Exercises 1118, X is a binomial variable with...Ch. 8.2 - Prob. 14E Ch. 8.2 - In Exercises 1118, X is a binomial variable with...Ch. 8.2 - In Exercises 1118, X is a binomial variable with...Ch. 8.2 - Prob. 17E Ch. 8.2 - Prob. 18E Ch. 8.2 - In Exercises 19 and 20, graph the histogram of the...Ch. 8.2 - In Exercises 19 and 20, graph the histogram of the...Ch. 8.2 - In Exercises 21 and 22, graph the histogram of the...Ch. 8.2 - Prob. 22E Ch. 8.2 - Internet Addiction The probability that a randomly...Ch. 8.2 - Prob. 24E Ch. 8.2 - 1990s Internet Stock Boom According to a July 1999...Ch. 8.2 - 1990s Internet Stock Boom According to the article...Ch. 8.2 - Prob. 27E Ch. 8.2 - Prob. 28E Ch. 8.2 - Manufacturing Your manufacturing plant produces...Ch. 8.2 - Manufacturing Compute the probability distribution...Ch. 8.2 - Prob. 31E Ch. 8.2 - Other Teenage Pastimes According to the study...Ch. 8.2 - Prob. 33E Ch. 8.2 - Prob. 34E Ch. 8.2 - Triple Redundancy To ensure reliable performance...Ch. 8.2 - IQ Scores Mensa is a club for people who have high...Ch. 8.2 - Prob. 37E Ch. 8.2 - Prob. 38E Ch. 8.2 - Prob. 39E Ch. 8.2 - Product Testing It is known that 65% of all the...Ch. 8.2 - Prob. 41E Ch. 8.2 - Prob. 42E Ch. 8.2 - Highway Safety According to a study,18 a male...Ch. 8.2 - Prob. 44E Ch. 8.2 - Mad Cow Disease In March 2004 the U.S. Department...Ch. 8.2 - Prob. 46E Ch. 8.2 - Prob. 47E Ch. 8.2 - Prob. 48E Ch. 8.2 - Prob. 49E Ch. 8.2 - Prob. 50E Ch. 8.2 - Prob. 51E Ch. 8.2 - Prob. 52E Ch. 8.2 - Prob. 53E Ch. 8.2 - Prob. 54E Ch. 8.3 - Compute the mean, median, and mode of the data...Ch. 8.3 - Prob. 2E Ch. 8.3 - Prob. 3E Ch. 8.3 - Compute the mean, median, and mode of the data...Ch. 8.3 - Compute the mean, median, and mode of the data...Ch. 8.3 - Prob. 6E Ch. 8.3 - Prob. 7E Ch. 8.3 - Compute the mean, median, and mode of the data...Ch. 8.3 - Prob. 9E Ch. 8.3 - Give a sample of five scores with mean 100 and...Ch. 8.3 - In Exercises 1116, calculate the expected value of...Ch. 8.3 - In Exercises 1116, calculate the expected value of...Ch. 8.3 - Prob. 13E Ch. 8.3 - Prob. 14E Ch. 8.3 - In Exercises 1116, calculate the expected value of...Ch. 8.3 - In Exercises 1116, calculate the expected value of...Ch. 8.3 - In Exercises 1728, calculate the expected value of...Ch. 8.3 - Prob. 18E Ch. 8.3 - Prob. 19E Ch. 8.3 - In Exercises 1728, calculate the expected value of...Ch. 8.3 - Prob. 21E Ch. 8.3 - Prob. 22E Ch. 8.3 - Prob. 23E Ch. 8.3 - In Exercises 1728, calculate the expected value of...Ch. 8.3 - In Exercises 1728, calculate the expected value of...Ch. 8.3 - In Exercises 1728, calculate the expected value of...Ch. 8.3 - Prob. 27E Ch. 8.3 - Prob. 28E Ch. 8.3 - Stock Market Gyrations Following is a sample of...Ch. 8.3 - Stock Market Gyrations Following is a sample of...Ch. 8.3 - Gold The following figures show the price of gold...Ch. 8.3 - Silver The following figures show the price of...Ch. 8.3 - Supermarkets A survey of 52 U.S. supermarkets...Ch. 8.3 - Video Arcades Your company, Sonic Video, Inc., has...Ch. 8.3 - School Enrollment The following table shows the...Ch. 8.3 - School Enrollment Repeat Exercise 35, using the...Ch. 8.3 - Prob. 37E Ch. 8.3 - Prob. 38E Ch. 8.3 - 2010 Income Distribution up to $100,000 The...Ch. 8.3 - 2003 Income Distribution up to $100,000 Repeat...Ch. 8.3 - Prob. 41E Ch. 8.3 - Prob. 42E Ch. 8.3 - Prob. 43E Ch. 8.3 - Prob. 44E Ch. 8.3 - Roulette A roulette wheel has the numbers 1...Ch. 8.3 - Roulette A roulette wheel has the numbers 1...Ch. 8.3 - Prob. 47E Ch. 8.3 - Prob. 48E Ch. 8.3 - Prob. 49E Ch. 8.3 - Spiders Your pet tarantula, Spider, has a .12...Ch. 8.3 - Exercises 51 and 52 assume familiarity with...Ch. 8.3 - Exercises 51 and 52 assume familiarity with...Ch. 8.3 - Elimination Tournaments In an elimination...Ch. 8.3 - Elimination Tournaments In an elimination...Ch. 8.3 - Elimination Tournaments In an elimination...Ch. 8.3 - Elimination Tournaments In an elimination...Ch. 8.3 - Prob. 57E Ch. 8.3 - Prob. 58E Ch. 8.3 - Prob. 59E Ch. 8.3 - Insurance The Blue Sky Flight Insurance Company...Ch. 8.3 - Prob. 61E Ch. 8.3 - Prob. 62E Ch. 8.3 - Prob. 63E Ch. 8.3 - Prob. 64E Ch. 8.3 - Prob. 65E Ch. 8.3 - Prob. 66E Ch. 8.3 - Prob. 67E Ch. 8.3 - Prob. 68E Ch. 8.3 - Slim tells you that the population mean is just...Ch. 8.3 - Prob. 70E Ch. 8.3 - Prob. 71E Ch. 8.3 - Prob. 72E Ch. 8.3 - Prob. 73E Ch. 8.3 - Prob. 74E Ch. 8.4 - In Exercises 18, compute the (sample) variance and...Ch. 8.4 - Prob. 2E Ch. 8.4 - Prob. 3E Ch. 8.4 - In Exercises 18, compute the (sample) variance and...Ch. 8.4 - In Exercises 18, compute the (sample) variance and...Ch. 8.4 - Prob. 6E Ch. 8.4 - Prob. 7E Ch. 8.4 - In Exercises 18, compute the (sample) variance and...Ch. 8.4 - In Exercises 914, calculate the standard deviation...Ch. 8.4 - In Exercises 914, calculate the standard deviation...Ch. 8.4 - Prob. 11E Ch. 8.4 - In Exercises 914, calculate the standard deviation...Ch. 8.4 - Prob. 13E Ch. 8.4 - In Exercises 914, calculate the standard deviation...Ch. 8.4 - In Exercises 1524, calculate the expected value,...Ch. 8.4 - Prob. 16E Ch. 8.4 - Prob. 17E Ch. 8.4 - Prob. 18E Ch. 8.4 - Prob. 19E Ch. 8.4 - In Exercises 1524, calculate the expected value,...Ch. 8.4 - In Exercises 1524, calculate the expected value,...Ch. 8.4 - Prob. 22E Ch. 8.4 - Prob. 23E Ch. 8.4 - Prob. 24E Ch. 8.4 - Popularity Ratings In your bid to be elected class...Ch. 8.4 - Popularity Ratings Your candidacy for elected...Ch. 8.4 - Unemployment Following is a sample of unemployment...Ch. 8.4 - Unemployment Following is a sample of unemployment...Ch. 8.4 - Stock Market Gyrations Following is a sample of...Ch. 8.4 - Stock Market Gyrations Following is a sample of...Ch. 8.4 - Sport Utility Vehicles Following are highway...Ch. 8.4 - Sport Utility Vehicles Following are the city...Ch. 8.4 - Shopping Malls A survey of all the shopping malls...Ch. 8.4 - Prob. 34E Ch. 8.4 - 2010 Income Distribution up to $100,000 The...Ch. 8.4 - Prob. 36E Ch. 8.4 - Hispanic Employment: Male The following table...Ch. 8.4 - Hispanic Employment: Female Repeat Exercise 37,...Ch. 8.4 - Commerce You have been told that the average life...Ch. 8.4 - Commerce You have been told that the average life...Ch. 8.4 - Batmobiles The average life span of a Batmobile is...Ch. 8.4 - Spiderman Coupes The average life span of a...Ch. 8.4 - Teenage Pastimes According to a study,51 the...Ch. 8.4 - Prob. 44E Ch. 8.4 - Teenage Marketing In 2000, 22% of all teenagers in...Ch. 8.4 - Prob. 46E Ch. 8.4 - Prob. 47E Ch. 8.4 - Video Arcades Your company, Sonic Video, Inc., has...Ch. 8.4 - Prob. 49E Ch. 8.4 - Distribution of Wealth If we model after-tax...Ch. 8.4 - Prob. 51E Ch. 8.4 - Prob. 52E Ch. 8.4 - Prob. 53E Ch. 8.4 - Prob. 54E Ch. 8.4 - Distribution of Wealth If we model after-tax...Ch. 8.4 - Prob. 56E Ch. 8.4 - Prob. 57E Ch. 8.4 - Prob. 58E Ch. 8.4 - Prob. 59E Ch. 8.4 - Distribution of Wealth If we model after-tax...Ch. 8.4 - Prob. 61E Ch. 8.4 - Prob. 62E Ch. 8.4 - Prob. 63E Ch. 8.4 - Prob. 64E Ch. 8.4 - Prob. 65E Ch. 8.4 - Prob. 66E Ch. 8.4 - Prob. 67E Ch. 8.4 - Prob. 68E Ch. 8.4 - Prob. 69E Ch. 8.4 - Prob. 70E Ch. 8.4 - Prob. 71E Ch. 8.4 - Prob. 72E Ch. 8.4 - Prob. 73E Ch. 8.4 - Prob. 74E Ch. 8.4 - Prob. 75E Ch. 8.4 - Prob. 76E Ch. 8.4 - Prob. 77E Ch. 8.4 - Prob. 78E Ch. 8.4 - Prob. 79E Ch. 8.4 - Prob. 80E Ch. 8.5 - In Exercises 18, Z is the standard normal...Ch. 8.5 - Prob. 2E Ch. 8.5 - Prob. 3E Ch. 8.5 - In Exercises 18, Z is the standard normal...Ch. 8.5 - In Exercises 18, Z is the standard normal...Ch. 8.5 - Prob. 6E Ch. 8.5 - Prob. 7E Ch. 8.5 - Prob. 8E Ch. 8.5 - In Exercises 914, X has a normal distribution with...Ch. 8.5 - In Exercises 914, X has a normal distribution with...Ch. 8.5 - Prob. 11E Ch. 8.5 - In Exercises 914, X has a normal distribution with...Ch. 8.5 - Prob. 13E Ch. 8.5 - In Exercises 914, X has a normal distribution with...Ch. 8.5 - Find the probability that a normal variable takes...Ch. 8.5 - Find the probability that a normal variable takes...Ch. 8.5 - Prob. 17E Ch. 8.5 - Prob. 18E Ch. 8.5 - Prob. 19E Ch. 8.5 - Suppose X is a normal random variable with mean...Ch. 8.5 - Suppose X is a normal random variable with mean...Ch. 8.5 - Prob. 22E Ch. 8.5 - If you roll a die 100 times, what is the...Ch. 8.5 - If you roll a die 100 times, what is the...Ch. 8.5 - If you roll a die 200 times, what is the...Ch. 8.5 - Prob. 26E Ch. 8.5 - SAT Scores SAT test scores are normally...Ch. 8.5 - Prob. 28E Ch. 8.5 - LSAT Scores LSAT test scores are normally...Ch. 8.5 - LSAT Scores LSAT test scores are normally...Ch. 8.5 - Prob. 31E Ch. 8.5 - Prob. 32E Ch. 8.5 - Prob. 33E Ch. 8.5 - Prob. 34E Ch. 8.5 - SAT Scores SAT test scores are normally...Ch. 8.5 - LSAT Scores LSAT test scores are normally...Ch. 8.5 - Baseball The mean batting average in major league...Ch. 8.5 - Baseball The mean batting average in major league...Ch. 8.5 - Prob. 39E Ch. 8.5 - Marketing Your hot sauce company rates its sauce...Ch. 8.5 - Prob. 41E Ch. 8.5 - Prob. 42E Ch. 8.5 - Prob. 43E Ch. 8.5 - Prob. 44E Ch. 8.5 - Distribution of Income If we model after-tax...Ch. 8.5 - Prob. 46E Ch. 8.5 - Prob. 47E Ch. 8.5 - Prob. 48E Ch. 8.5 - Prob. 49E Ch. 8.5 - Prob. 50E Ch. 8.5 - Prob. 51E Ch. 8.5 - Prob. 52E Ch. 8.5 - Prob. 53E Ch. 8.5 - Prob. 54E Ch. 8.5 - Prob. 55E Ch. 8.5 - Prob. 56E Ch. 8.5 - Prob. 57E Ch. 8.5 - Prob. 58E Ch. 8.5 - Aviation The probability of a plane crashing on a...Ch. 8.5 - Prob. 60E Ch. 8.5 - Prob. 61E Ch. 8.5 - Prob. 62E Ch. 8.5 - Prob. 63E Ch. 8.5 - Prob. 64E Ch. 8.5 - Prob. 65E Ch. 8.5 - Prob. 66E Ch. 8.5 - Prob. 67E Ch. 8.5 - Prob. 68E Ch. 8.5 - Prob. 69E Ch. 8.5 - Prob. 70E Ch. 8.5 - Prob. 71E Ch. 8.5 - Prob. 72E Ch. 8.5 - Prob. 73E Ch. 8.5 - Prob. 74E Ch. 8 - In Exercises 16, find the probability distribution...Ch. 8 - Prob. 2RE Ch. 8 - Prob. 3RE Ch. 8 - Prob. 4RE Ch. 8 - In Exercises 16, find the probability distribution...Ch. 8 - Prob. 6RE Ch. 8 - Prob. 7RE Ch. 8 - Prob. 8RE Ch. 8 - Prob. 9RE Ch. 8 - Prob. 10RE Ch. 8 - Prob. 11RE Ch. 8 - Prob. 12RE Ch. 8 - Prob. 13RE Ch. 8 - Prob. 14RE Ch. 8 - Prob. 15RE Ch. 8 - A die is constructed in such a way that rolling a...Ch. 8 - Prob. 17RE Ch. 8 - Prob. 18RE Ch. 8 - Prob. 19RE Ch. 8 - Prob. 20RE Ch. 8 - Prob. 21RE Ch. 8 - Prob. 22RE Ch. 8 - Prob. 23RE Ch. 8 - Prob. 24RE Ch. 8 - Prob. 25RE Ch. 8 - Prob. 26RE Ch. 8 - Prob. 27RE Ch. 8 - Prob. 28RE Ch. 8 - Prob. 29RE Ch. 8 - Prob. 30RE Ch. 8 - Prob. 31RE Ch. 8 - In Exercises 2934 the mean and standard deviation...Ch. 8 - Prob. 33RE Ch. 8 - Prob. 34RE Ch. 8 - Prob. 35RE Ch. 8 - Prob. 36RE Ch. 8 - Prob. 37RE Ch. 8 - Prob. 38RE Ch. 8 - Prob. 39RE Ch. 8 - Prob. 40RE Ch. 8 - Prob. 41RE Ch. 8 - Prob. 42RE Ch. 8 - Prob. 43RE Ch. 8 - Mac vs. Windows On average, 5% of all hits by Mac...Ch. 8 - Prob. 45RE Ch. 8 - Prob. 46RE Ch. 8 - Prob. 47RE Ch. 8 - Prob. 48RE Ch. 8 - Prob. 49RE Ch. 8 - Prob. 50RE Ch. 8 - Prob. 51RE Ch. 8 - Prob. 52RE Ch. 8 - Prob. 53RE Ch. 8 - Prob. 54RE Ch. 8 - Prob. 55RE Ch. 8 - Prob. 56RE Ch. 8 - Prob. 1CS Ch. 8 - Prob. 2CS Ch. 8 - Prob. 3CS Ch. 8 - Prob. 4CS Ch. 8 - Which of the following lists of data would you...Ch. 8 - Prob. 6CS Ch. 8 - Prob. 7CS Ch. 8 - Prob. 8CS

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Whether the statement “If X and Y are two random variables, then E ( X Y ) = E ( X ) E ( Y ) ” is true or false, which means the expected value of the product of two random variables is the product of the expected values.

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Whether the statement “If X and Y are two random variables, then E(XY)=E(X)E(Y)” is true or false, which means the expected value of the product of two random variables is the product of the expected values.

Chapter 8 Solutions