How much should a randomly selected customer expect to pay

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Reference no: EM131400798

Cab ride. Suppose that the length X of a randomly selected passenger's trip in a cab is Uniformly distributed between 5 and 30 miles. The charge induced for such a trip, in dollars is Y = 2.50X + 3.00.

a. How much should a randomly selected customer expect to pay?

b. What is the standard deviation of the amount that a randomly selected customer pays?

Reference no: EM131400798

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