If a dealer's profit, in units of $30003000, on a new automobile can be looked upon...
If a dealer's profit, in units of
$30003000,
on a new automobile can be looked upon as a random variable X having the density function below, find the average profit per automobile.
|
f(x) |
equals= |
left brace Start 2 By 2 Matrix 1st Row 1st Column StartFraction
1 Over 22 EndFraction left parenthesis 12 minus x right parenthesis
comma 2nd Column 0 less than x less than 2 comma 2nd Row 1st Column
0 comma 2nd Column elsewhere EndMatrix
|
Homework Answers
TOPIC:Expected value of random variable.
(Since, the unit of X in $3000 units).
(The answer is rounded to the nearest whole number.)
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If a dealer's profit, in units of
$30003000,
on a new automobile can be looked upon...
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