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Mathematics, 22.02.2020 01:25 feyundre52

An appliance dealer sells three different models of upright freezers having 13.5, 15.9, and 19.1 cubic feet of storage space, respectively. Let X = the amount of storage space purchased by the next customer to buy a freezer. Suppose that X has the following pmf. x 13.5 15.9 19.1 p(x) 0.17 0.57 0.26 (a) Compute E(X), E(X2), and V(X). (Round your answers to two decimal places.) E(X) = 16.33 Correct: Your answer is correct. ft3 E(X2) = 269.94 Correct: Your answer is correct. ft6 V(X) = 3.46 Correct: Your answer is correct. ft6 (b) If the price of a freezer having capacity X cubic feet is 28X βˆ’ 8.5, what is the expected price paid by the next customer to buy a freezer? (Round your answer to the nearest whole number.) 448.74 Correct: Your answer is correct. dollars (c) What is the variance of the price 28X βˆ’ 8.5 paid by the next customer? (Round your answer to the nearest whole number.) dollars2 (d) Suppose that although the rated capacity of a freezer is X, the actual capacity is h(X) = X βˆ’ 0.02X2. What is the expected actual capacity of the freezer purchased by the next customer? (Round your answer to three decimal places.) 10.93 Correct: Your answer is correct. ft3

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An appliance dealer sells three different models of upright freezers having 13.5, 15.9, and 19.1 cub...
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