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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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
Transcribed Image Text:3. A gas station earns $3.10 in revenue for each gallon of regular gas it sells, $3.40 for each gallon of midgrade gas, and $3.90 for each gallon of
premium gas. Let X1, X2, and X3 denote the number of gallons of regular, midgrade, and premium gasoline sold in a day. Assume
X1, X2, and X3 have means µ1
Then the daily revenue can be expressed as R = 3.10X, + 3.40X2 + 3.90X3.
1600, µ2 =
400, аnduз
= 300, and standard deviations o, =
160, o2
%3D 90, аnd
03
50, respectively.
Find the mean daily revenue, that is find E(R).
Assuming X1, X2, andX3 are independent, find the standard deviation of the daily revenue, oR. Round to two decimal places.
Assuming X1, X2, andX3 are independent and normally distributed with the respective means and standard deviations given above, find the
probability that the daily revenue exceeds $7,000.
а.
b.
с.
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