The weekly amount of downtime Y (in hours) for an industrial machine has approximately a
Chapter 4, Problem 4.109(choose chapter or problem)
The weekly amount of downtime Y (in hours) for an industrial machine has approximately a gamma distribution with = 3 and = 2. The loss L (in dollars) to the industrial operation as a result of this downtime is given by L = 30Y + 2Y 2. Find the expected value and variance of L.
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