Expected cost of the trip and the variance of the cost, Basic Statistics

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Expected cost of the trip and the variance of the cost

The wait time (minutes) you experience waiting for a bus is modeled by T=10X-10, X is randon variable have prob. density function f(x)=x^-2, x>=1...f(x)=0 for x<1 ... so X>=1

a) What is the cumulative distribution function of X?

b) What is the probability you have to wait more than 10 minutes?

c) If the wait time is less than 10 minutes, you pay $2. if it is more than 10 minutes, you use alternate transportation for $10. draw the probability mass function and cumulative distribution of the cost.

d) What is the expected cost of the trip and the variance of the cost?

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Basic Statistics: Expected cost of the trip and the variance of the cost

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Basic Statistics: Expected cost of the trip and the variance of the cost

Reference No:- TGS0713047

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Basic Statistics: Expected cost of the trip and the variance of the cost

Reference No:- TGS0713047

Recent Questions Asked Basic Statistics

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