Solution: Calculate the mean and variance for the random

Chapter 3, Problem 73E

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QUESTION:

Calculate the mean and variance for the random variable in Exercise 3-35.

                                             

Questions & Answers

QUESTION:

Calculate the mean and variance for the random variable in Exercise 3-35.

                                             

ANSWER:

Solution:

Step 1 of 3:

The data about the typical depth for non failed wells in Baltimore Country is given.

Geological Formation Group

Number of non failed Wells

Non failed Well Depth

Gnesis

1,515

255

Granite

26

218

Loch Raven Schist

3,290

317

Mafic

349

231

Marble

280

267

Prettyboy Schist

1,343

255

Other Schist

887

267

Serpentine

36

217

Total

7,726

2,027

We have to find the mean and variance of the random variable.


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