subject
Mathematics, 31.03.2020 16:38 yoyoho6218

A gas station sells two grades of gasoline: regular and super. These are priced at $2.00 and $3.00 per gallon, respectively. Let X₁ and X₂ denote the amounts of these grades purchased (gallons) on a particular day. Suppose X₁ and X₂ are independent Normal random variables with E(X₁) = 1000, sd(X₁) = 90, E(X₂) = 800, and sd(X₂) = 45. The revenue from sales is Y = 2X₁ + 3X₂. (a) Find the mean and standard deviation of Y, i. e., E(Y) and sd(Y). (b) Find the probability that the revenue Y does not exceed 4500. Hint: Y is Normally distributed. (c) Find the probability that the gas station sells regular gasoline more, i. e., pr (X₁ > X₂). Attach the R codes or write out the formula(s) you used for full credit.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 13:00
Giving 100 points asap bev has to cut her grandma's grass this weekend and wants to know exactly how much area she will be cutting. calculate the area of the polygon. be sure to show all your work and explain your answer.
Answers: 1
question
Mathematics, 21.06.2019 18:30
The monetary value earned for selling goods or services to customers is called a.) revenue b.) assets c.) money d.) accounting
Answers: 2
question
Mathematics, 21.06.2019 18:40
What value of x is in the solution set of 4x – 12 s 16 + 8x?
Answers: 3
question
Mathematics, 21.06.2019 19:30
How long must $542 be invested at a rate of 7% to earn $303.52 in interest? in a easier way
Answers: 1
You know the right answer?
A gas station sells two grades of gasoline: regular and super. These are priced at $2.00 and $3.00 p...
Questions
question
Mathematics, 16.12.2020 21:30
question
Mathematics, 16.12.2020 21:30
question
English, 16.12.2020 21:30
question
English, 16.12.2020 21:30
Questions on the website: 13722361