Suppose that the selling price of the above compound

Assignment Help Basic Statistics
Reference no: EM13622608

The percentage of alcohol in a certain compound may be considered as a random variable X with the following pdf

fX (x) = 20x^3 (1 - x), 0 < x < 1.

Suppose that the selling price of the above compound depends on the alcohol contents. Specifcally, if 1/3 < X < 2/3, the compound sells for 120 dollars/gallon otherwise it sells for 90 dollars/gallon. If the cost is 50 dollars/gallon, and the probability distribution of the net profit per gallon.

Reference no: EM13622608

Questions Cloud

Philosophy 1identify a current event or contemporary social : 1.identify a current event or contemporary social issue that involves human freedom. your issue must be broad enough to
Essay can you please write essay but i need it for tumorrow : can you please write essay but i need it for tumorrow can you write please almost 2 pages it is ok if this simple
Small assignment hii need this small assignment completed : hi ltbrgt ltbrgti need this small assignment completed by today the latest. i am willing to pay a little bit more so
Managing multiple projects 1identify an open source project : 1identify an open source project management tool that could be used as an alternative to microsoft project. try provide
Suppose that the selling price of the above compound : the percentage of alcohol in a certain compound may be considered as a random variable x with the following pdffx x
The snappy service gas station manager is thinking about a : the snappy service gas station manager is thinking about a promotion that she hopes will bring in more business to the
What proportion of the time is he up because of his dog : a man finds that two things cause him to wake up at night- his cat or his dog. if it is due to his cat the time to fall
A manufacturer claims that its televisions have an average : a manufacturer claims that its televisions have an average lifetime of at least five years 60 months with a population
Suppose you know that the distribution of sample : suppose you know that the distribution of sample proportions of the residents of one town over 70 years old in samples

Reviews

Write a Review

Basic Statistics Questions & Answers

  Distribution of the amount spent

A major department store chain is interested in estimating the average amount its credit card customers spent on their first visit to the chain's new store in the mall.

  Sat verbal scores are normally distributed with a mean of 42

Sat verbal scores are normally distributed with a mean of 426 and a standard deviation of 94. Use the Empirical Rule to determine what percent of the scores lie between 332 and 426.

  Properties of variance-standard deviation

Assume that the bricks used are randomly chosen from a population of bricks whose mean length is 10 inches and whose standard deviation is 1/32 inch.

  How large sample must select if desires to be confident

A nurse at a local hospital is estimating the weight of infants. how large a sample must she select if she desires to be 95% confident that the true mean is within 3 ounces of the sample mean?

  A river is rising at a rate of 3 inches per hour if the

a river is rising at a rate of 3 inches per hour. if the river rises more than 2 feetit will exeecd flood stage. how

  Find the mean lifetime of tv tubes

Find the mean lifetime of TV tubes. Carry your intermediate computations to at least four decimal places. Round your answer to at least one decimal place.

  Please develop the expected frequencies table

A) Please develop the Expected frequencies table based on the above information.

  Nissan sold three models of cars in north america in 1999

nissan sold three models of cars in north america in 1999 sentras maximas and pathfinders. of the vehicles sold 50 were

  Probability on employee performance ratings

She collected the employee performance ratings recorded before and after workshop attendance and stored the paired ratings for all 35 in Perform.

  Calculating correlation using scatter diagram

Develop a scatter diagram for the data and write a brief summary.

  Real-life models of logarithmic functions

Many different kinds of data can be modeled or measured easily using exponential and logarithmic functions. For example, consider ideal gases:

  Does data prove significant difference in mean gpas

Does the data prove a significant difference in mean GPAs? GPA1 GPA for Randomly Selected Students in Four Business Majors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd