Refer to Exercise 3.91. In this exercise, we determined

Chapter 3, Problem 179E

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QUESTION:

Problem 179E

Refer to Exercise 3.91. In this exercise, we determined that the mean and variance of the costs necessary to find three employees with positive indications of asbestos poisoning were 150 and 4500, respectively. Do you think it is highly unlikely that the cost of completing the tests will exceed $350?

Reference

Refer to Exercise 3.90. If each test costs $20, find the expected value and variance of the total cost of conducting the tests necessary to locate the three positives.

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QUESTION:

Problem 179E

Refer to Exercise 3.91. In this exercise, we determined that the mean and variance of the costs necessary to find three employees with positive indications of asbestos poisoning were 150 and 4500, respectively. Do you think it is highly unlikely that the cost of completing the tests will exceed $350?

Reference

Refer to Exercise 3.90. If each test costs $20, find the expected value and variance of the total cost of conducting the tests necessary to locate the three positives.

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