MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A firm purchases two types of industrial chemicals. Type I chemical costs $3 per gallon,
whereas type II costs $5 per gallon. The mean and variance for the number of gallons of type
I chemical purchased, Y,, are 40 and 4, respectively. The amount of type II chemical
purchased, Y2, has E(Y2) = 65 gallons and V(Y2) = 8. Assume that Y, and Y2 are independent
and find the mean and variance of the total amount of money spent per week on the two
chemicals.
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Transcribed Image Text:A firm purchases two types of industrial chemicals. Type I chemical costs $3 per gallon, whereas type II costs $5 per gallon. The mean and variance for the number of gallons of type I chemical purchased, Y,, are 40 and 4, respectively. The amount of type II chemical purchased, Y2, has E(Y2) = 65 gallons and V(Y2) = 8. Assume that Y, and Y2 are independent and find the mean and variance of the total amount of money spent per week on the two chemicals.
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