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Mathematics, 16.06.2020 20:57 babbity2009

An electronic system has each of two different types of components in joint operation. Let X and Y denote the lengths of life, in hundreds of hours, for components of type I and type II, respectively. The performance of a component is independent for each other. Let E(X) = 4, E(Y) = 2, E(X2) = 24, E(Y2) = 8. The cost of replacing the two components depends upon their length of life at failure and it is given by C = 50 + 2X + 4Y.
(i) Compute the average cost of replacing the two components. Your final answer must be a number.
(ii) Compute the standard deviation of cost of replacing the two components. Your final answer must be a number.

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