Find the expected value of the price of a book

Assignment Help Basic Statistics
Reference no: EM13129052

he number of pages varies from book to book. Let P be a random variable for page length. Suppose the random variable P has an expected value of 227 and a variance of 221. The price of a book depends on the length. Let the random variable C denote the price of a book in dollars. If C = 4 + 0.1*P, what is the expected value of the price of a book?

Reference no: EM13129052

Questions Cloud

Alligators and gators : In paragrphs 12 and 14, King refers to "alligators" and "gators". What does the alligator represent? What does King mean when he says that all the world needs is love
Societys production possibilities curve : Explain what each of these economic indicators measures and what the significance of the current data is for the economy and increases in resources or improvements in technology will tend to cause a society's production possibilities curve
How would one record assets transferred by a parent : Assuming no impairment in value prior to transfer, how would one record assets transferred by a parent company to another entity it has created on the newly created entity's books?
What is the percent yield : A chemistry student prepares acetone by decomposing 12.3 g of calcium acetate. If the student collected 2.50 g of acetone and the theoretical yield is 3.42 g.
Find the expected value of the price of a book : The price of a book depends on the length. Let the random variable C denote the price of a book in dollars. If C = 4 + 0.1*P, what is the expected value of the price of a book?
Line integration and green theorem : Compute the integral of 4y^3 dx -2x^2 dy around the square bounded by the lines y=+/- 1 and x=+/-1. Directly by performing the line integration.
Compute the ph of the solution formed : Important information about PH calculations, Calculate the pH of the solution formed during a titration upon adding 35.0 ml of a standard .150M NaOH solution to
What governing bodies set accounting standards : Financial statements are prepared in accordance with what? What governing bodies set accounting standards? Why do you think financial statements are required to be prepared using the same standards?
What is the frequency of this radiation : a plutonium-239 atom may emit a photon of light with a wavelength of 24.0 pm when it undergoes nuclear fission. What is the frequency of this radiation?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd