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The manager of a stockroom in a factory has constructed
Chapter 3, Problem 34E(choose chapter or problem)
QUESTION:
The manager of a stockroom in a factory has constructed the following probability distribution
for the daily demand (number of times used) for a particular tool.
y |
0 |
1 |
2 |
\(p(y)\) |
.1 |
.5 |
.4 |
It costs the factory $10 each time the tool is used. Find the mean and variance of the daily cost
for use of the tool.
Equation Transcription:
Text Transcription:
p(y)
Questions & Answers
QUESTION:
The manager of a stockroom in a factory has constructed the following probability distribution
for the daily demand (number of times used) for a particular tool.
y |
0 |
1 |
2 |
\(p(y)\) |
.1 |
.5 |
.4 |
It costs the factory $10 each time the tool is used. Find the mean and variance of the daily cost
for use of the tool.
Equation Transcription:
Text Transcription:
p(y)
ANSWER: