Solution Found!
Answer: A chemical supply company currently has in stock
Chapter 3, Problem 39E(choose chapter or problem)
Problem 39E
A chemical supply company currently has in stock 100 lb of a certain chemical, which it sells to customers in 5-lb batches. Let X = the number of batches ordered by a randomly chosen customer, and suppose that X has pmf
Compute E(X) and V(X). Then compute the expected number of pounds left after the next customer’s order is shipped and the variance of the number of pounds left. [Hint: The number of pounds left is a linear function of X.]
Questions & Answers
QUESTION:
Problem 39E
A chemical supply company currently has in stock 100 lb of a certain chemical, which it sells to customers in 5-lb batches. Let X = the number of batches ordered by a randomly chosen customer, and suppose that X has pmf
Compute E(X) and V(X). Then compute the expected number of pounds left after the next customer’s order is shipped and the variance of the number of pounds left. [Hint: The number of pounds left is a linear function of X.]
ANSWER:Solution :
Step 1:
It is given that a chemical supply company currently have a stock 100 lb of a certain chemical, which it sells to customers in 5-lb batches. If X= the number of batches ordered by a randomly chosen customer and X has pmf