eu-s1, consider the following. The amount of gold X (in ounces) that a prospec- tor digs in a a day is a random variable with the following pdf: fx(x) = 6x(1 – x)I(0.1)(x) Assuming that the price of...

What is the expected earnings in a day?


Extracted text: eu-s1, consider the following. The amount of gold X (in ounces) that a prospec- tor digs in a a day is a random variable with the following pdf: fx(x) = 6x(1 – x)I(0.1)(x) Assuming that the price of gold Y (in dollars) per ounce is uniformly distributed over the interval (1700, 2000] and is independent of X. Answer the following questions.