A shipping company handles containers in three different sizes: (1) 27 ft (3 x 3 x 3),
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A shipping company handles containers in three different sizes: (1) 27 ft (3 x 3 x 3), (2) 125 ft', and (3) 512 ft. Let X, (i = 1, 2, 3) denote the number of type i containers shipped during a given week. With , = E(X) and =V(X), suppose that the mean values and standard deviations are as follows: = 200 = 10 M = 250 = 12 3 = 100 = 8
a. Assuming that X1, X2, X3 are independent, calculate the expected value and variance of the total volume shipped. [Hint: Volume = 27X + 125X+ 512X3.]
b. Would your calculations necessarily be correct if the X's were not independent? Explain.
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Probability And Statistics For Engineering And The Sciences
ISBN: 9781133169345
8th Edition
Authors: Jay L Devore, Roger Ellsbury
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