Possible values of X, the number of components in a system submitted for repair that must be replaced, are 1, 2, 3, and 4 with corresponding probabilities 0.45, 0.05, 0.45, and 0.05, respectively. (0)...


Possible values of X, the number of components in a system submitted for repair that must be replaced, are 1, 2, 3, and 4 with<br>corresponding probabilities 0.45, 0.05, 0.45, and 0.05, respectively.<br>(0) Calculate E(X) and then E(5 - X).<br>E(X) -<br>E(5 - X) -<br>150<br>(b) Would the repair facility be better off charging a flat fee of $65 or else the amounts<br>(5- X).<br>(Note: It is not generally true that E()-<br>The repair facility Select--- be better off charging a flat fee of s65 because E150<br>[(5 - x)]<br>-<br>

Extracted text: Possible values of X, the number of components in a system submitted for repair that must be replaced, are 1, 2, 3, and 4 with corresponding probabilities 0.45, 0.05, 0.45, and 0.05, respectively. (0) Calculate E(X) and then E(5 - X). E(X) - E(5 - X) - 150 (b) Would the repair facility be better off charging a flat fee of $65 or else the amounts (5- X). (Note: It is not generally true that E()- The repair facility Select--- be better off charging a flat fee of s65 because E150 [(5 - x)] -

Jun 07, 2022
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