10. (a) Suppose that an electronic device has a life length X (in units of 1000 hours) which isconsidered as a continuous random variable with the following pdf:f(x) = e-x,Suppose that the cost of manufacturing one such item is 20.00 Rupees. Themanufacturer sells the item for 50 Rupees, but guarantees a total refund if X < 0.9.x > 0.What is the manufacturer's expected profit per item?[4]

Given: X denotes the life length of an electronic device such that f(x) = e-x, x>0…

(a) Suppose that an electronic device has a life length X (in units of 1000 hours) which is considered as a continuous random variable with the following pdf: f(x) = e, x > 0. Suppose that the cost of manufacturing one such item is 20.00 Rupees. The manufacturer sells the item for 50 Rupees, but guarantees a total refund if X < 0.9. What is the manufacturer's expected profit per item?

(a) Suppose that an electronic device has a life length X (in units of 1000 hours) which is considered as a continuous random variable with the following pdf: f(x) = e, x > 0. Suppose that the cost of manufacturing one such item is 20.00 Rupees. The manufacturer sells the item for 50 Rupees, but guarantees a total refund if X < 0.9. What is the manufacturer's expected profit per item?

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.2: The Least Square Line

Problem 1E

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