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13 A builder of houses needs to order some supplies that have waiting time Y for delivery, with a continuous uniform distribution over the interval from 1 to 4 days. Because she can get by without them for 2 days, the cost of the delay is fixed at $300 for any waiting time up to 2 days. After 2 days, however, the cost of the delay is $300 plus $50 per day (prorated) for each additional day. That is, if the waiting time is 3.5 days, the cost of the delay is $300 + $50(1.5) = $375. Find the expected value of the builder's cost due to waiting for supplies. (Round your answer to the nearest cent.) $

13 A builder of houses needs to order some supplies that have waiting time Y for delivery, with a continuous uniform distribution over the interval from 1 to 4 days. Because she can get by without them for 2 days, the cost of the delay is fixed at $300 for any waiting time up to 2 days. After 2 days, however, the cost of the delay is $300 plus $50 per day (prorated) for each additional day. That is, if the waiting time is 3.5 days, the cost of the delay is $300 + $50(1.5) = $375. Find the expected value of the builder's cost due to waiting for supplies. (Round your answer to the nearest cent.) $

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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13 A builder of houses needs to order some supplies that have a waiting time Y for delivery, with a continuous uniform distribution over the interval from 1 to 4 days. Because she can get by without them for 2 days, the cost of the delay is fixed at $300 for any waiting time up to 2 days. After 2 days, however, the cost of the delay is $300 plus $50 per day (prorated) for each additional day. That is, if the waiting time is 3.5 days, the cost of the delay is $300 + $50(1.5) = $375. Find the expected value of the builder's cost due to waiting for supplies. (Round your answer to the nearest cent.) $
Transcribed Image Text:13 A builder of houses needs to order some supplies that have a waiting time Y for delivery, with a continuous uniform distribution over the interval from 1 to 4 days. Because she can get by without them for 2 days, the cost of the delay is fixed at $300 for any waiting time up to 2 days. After 2 days, however, the cost of the delay is $300 plus $50 per day (prorated) for each additional day. That is, if the waiting time is 3.5 days, the cost of the delay is $300 + $50(1.5) = $375. Find the expected value of the builder's cost due to waiting for supplies. (Round your answer to the nearest cent.) $
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