Refer to Exercise 12. Assume that the cost of an engine

Chapter 2, Problem 14E

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QUESTION:

Refer to Exercise 12. Assume that the cost of an engine repair is $50, and the cost of a transmission repair is $100. Let T represent the total cost of repairs during a one-hour time interval.

a. Find \(\mu_T\).

b. Find \(\sigma_T\).

c. Find \(P(T=250)\).

Equation Transcription:

Text Transcription:

mu_T

sigma_T

P(T=250)

Questions & Answers

QUESTION:

Refer to Exercise 12. Assume that the cost of an engine repair is $50, and the cost of a transmission repair is $100. Let T represent the total cost of repairs during a one-hour time interval.

a. Find \(\mu_T\).

b. Find \(\sigma_T\).

c. Find \(P(T=250)\).

Equation Transcription:

Text Transcription:

mu_T

sigma_T

P(T=250)

ANSWER:

Solution 14E

Step1 of 4:

We have the cost of an engine repair is $50, and the cost of a transmission repair is $100.

Let us take T it represent the total cost of repairs during a one-hour time interval.

That is

y

x

0

1

2

3

0

0.13

0.1

0.07

0.03

1

0.12

0.16

0.08

0.04

2

0.02

0.06

0.08

0.04

3

0.01

0.02

0.02

0.02

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