In the daily production of a certain kind of rope, the

Chapter 3, Problem 139E

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

Problem 139E

In the daily production of a certain kind of rope, the number of defects per foot Y is assumed to have a Poisson distribution with mean λ = 2. The profit per foot when the rope is sold is given by X, where X = 50 − 2Y Y 2. Find the expected profit per foot.

Questions & Answers

QUESTION:

Problem 139E

In the daily production of a certain kind of rope, the number of defects per foot Y is assumed to have a Poisson distribution with mean λ = 2. The profit per foot when the rope is sold is given by X, where X = 50 − 2Y Y 2. Find the expected profit per foot.

ANSWER:

Solution:

Step 1 of 2:

It is given that Y is the number of defects per foot in the production of certain kind of rope and it is assumed to have the Poisson distribution with mean =2.

Also, it is given that the profit per foot when the rope is sold is X=50-2Y-.

We need to find the expected profit per foot.


Add to cart


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back