Observed number of breakdowns

Reference no: EM131026499

The number of breakdowns Y per day for a certain machine is a Poisson random variable with mean λ. The daily cost of repairing these breakdowns is given by C = 3Y 2. If Y1, Y2, . . . , Yn denote the observed number of breakdowns for n independently selected days, find an MVUE for E(C).

Reference no: EM131026499

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