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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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Question
![An certain brand of upright freezer is available in three different rated capacities: 16 ft3, 18 ft3, and 20 ft³. Let X = the rated capacity of a freezer of this brand sold at a certain store.
Suppose that X has the following pmf.
X
E(X)=
E(X²)=
V(x) =
P(x)
16
20
18
0.3 0.4 0.3
(a) Compute E(X), E(X2), and V(X).
ft3
(b) If the price of a freezer having capacity X is 64X- 650, what is the expected price paid by the next customer to buy a freezer?
$
(c) What is the variance of the price paid by the next customer?
(d) Suppose that although the rated capacity of a freezer is X, the actual capacity is h(x) = x -0.009x2. What is the expected actual capacity of the freezer purchased by the
next customer? (Enter your answer to four decimal places.)
ft³](https://content.bartleby.com/qna-images/question/aa277d3c-a9f3-42da-9150-676056d8b274/724a03c5-0464-454c-9eeb-f44e84a6bce3/0ffsrc_thumbnail.jpeg)
Transcribed Image Text:An certain brand of upright freezer is available in three different rated capacities: 16 ft3, 18 ft3, and 20 ft³. Let X = the rated capacity of a freezer of this brand sold at a certain store.
Suppose that X has the following pmf.
X
E(X)=
E(X²)=
V(x) =
P(x)
16
20
18
0.3 0.4 0.3
(a) Compute E(X), E(X2), and V(X).
ft3
(b) If the price of a freezer having capacity X is 64X- 650, what is the expected price paid by the next customer to buy a freezer?
$
(c) What is the variance of the price paid by the next customer?
(d) Suppose that although the rated capacity of a freezer is X, the actual capacity is h(x) = x -0.009x2. What is the expected actual capacity of the freezer purchased by the
next customer? (Enter your answer to four decimal places.)
ft³
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