Let X be a random variable with the probability function36.7 A vendor of scientific instruments sells ready-inflated
Question:
Let X be a random variable with the probability function36.7 A vendor of scientific instruments sells ready-inflated weather balloons with diameters of 30 cm, 50 cm, and 100 cm. Half of her customers order the 30 cm size, while 40% order the 50 cm size and 10% hire the 100 cm size.
For a balloon of diameter d cm, the amount of helium gas required to fill it is (d 3
/2000) litres, and the balloon is sold for
$0.6d.
a. Let X be the balloon diameter selected by a randomly chosen customer. Write out the probability function of X as a table.
b. What is the average amount of gas required per customer?
c. If the vendor has 20 customers per day, what is the expected amount of gas she needs for a day’s trade?
d. What is the vendor’s expected payment per customer?
e. How much payment does the vendor expect to receive in total from her next five customers?
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Step by Step Answer:
Mathematics And Statistics For Science
ISBN: 9783031053177
1st Edition
Authors: James Sneyd, Rachel M. Fewster, Duncan McGillivray