An appliance dealer sells three different models of freezers having 13.5, 15.9 and 19.1 cubic feet of storage space, respectively. The percentages of sales of freezers of the above sizes were 20%, 50%, and 30% respectively.
Let W be the amount of storage space of the freezer purchased by the next customer to buy a freezer.
Find the probability mass function of W ? Is W discrete or continuous?
The profits from each of the above freezers are Rs. 1000, 1200 and 1600 respectively. If two freezers are sold per day, what is the probability that the total profit per day will be greater than Rs 2500?
An appliance dealer sells three different models of freezers having 13.5, 15.9 and 19.1 cubic feet...
An appliance dealer sells three different models of freezers having 13.5, 15.9 and 19.1 cubic feet of storage space, respectively. The percentages of sales of freezers of the above sizes were 20%, 50%, and 30% respectively. Let ?W be the amount of storage space of the freezer purchased by the next customer to buy a freezer. Find the probability mass function of W is W discrete or continuous? The profits from each of the above freezers are Rs. 1000, 1200...
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.x13.515.919.1p(x) 0.20 0.59 0.21 (a) Compute E(X),E(X2), and V(X). (Round your answers to two decimal places.)E(X)= ft3E(X2)= ft6V(X)= ft6(b) If the price of a freezer having capacity X cubic feet is 22X ? 8.5, what is the expected price paid...
An appliance dealer sells three different models of upright freezers having 13.3, 16.1, and 19.3 cubic feet of storage space. Consider the random variable x = the amount of storage space purchased by the next customer to buy a freezer. Suppose that x has the following probability distribution. x p(x) 13.3 0.2 16.1 0.5 19.3 0.3 (a) Calculate the mean and standard deviation of x (in cubic feet). (Hint: See Example 6.15. Round your standard deviation to four decimal places.)...
An appliance dealer sells three different models of upright freezers having 12.5, 17.9, and 21.1 cubic feet of storage space. Let x = the amount of storage space purchased by the next customer to buy a freezer. Suppose that x has the following probability distribution. x p(x) 12.5 0.2 17.9 0.5 21.1 0.3 (a) Calculate the mean and standard deviation of x. (Round your answers to three decimal places.) mean cubic ft standard deviation cubic ft (b) If the price...
please explain and show work for my understanding. PROBLEM 9.1 (pg 113, #32) 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 pdf: *(X 0.2 a. Compute E[X] 0.1 0.7 (which is alternatively expressed as Mx) b. Compute E[X²] (alternatively expressed as x?) C. Compute Var[X] (alternatively...
a.) Airlines sometimes overbook flights. Suppose that for a plane with 50 seats, 55 passengers have tickets. Define the random variable X as the number of ticketed passengers who actually show up for the flight. The probability function of X is in the accompanying table. ?? 45 46 47 48 49 50 51 52 53 54 55 ?(? = ??) .05 .10 .12 .14 .25 .17 .06 .05 .03 .02 .01 1.) What is the probability that the flight will...