Mathematics, 12.03.2020 20:32 Jonah58
A chemical supply company currently has in stock 100 lb of a certain chemical, which it sells to customers in 7-lb batches. Let X = the number of batches ordered by a randomly chosen customer, and suppose that X has the following pmf.
x 1 2 3 4
p(x) 0.3 0.5 0.1 0.1
(a) Compute E(X) and V(X).
(b) Compute the expected number of pounds left after the next customer's order is shipped and the variance of the number of pounds left. [Hint: The number of pounds left is a linear function of X.]
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A chemical supply company currently has in stock 100 lb of a certain chemical, which it sells to cus...
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