1)When shopping for an SUV, Bernard must choose between a Ford Escape for $20,000 and a Mercedez Benz GLK350 for $30,000.The joint probability of purchasing each vehicle and it lasting either 10 or 14 years are as follows:

10 years

14 years

Ford Escape

0.50

0.20

Benz

0.30

0

a)Calculate marginal pdf's.

b)How much do you expect an SUV that lasts 10 years to cost?

c)How long to you expect a Ford Escape to last?

d)Calculate durability variance of a Ford.

I) When shopping for an SUV, Bernard must choose between a Ford Escape for $20,000 and a MWBenz GLK350 for $30,000. The joint probability of purchasing each vehicle and it lasting either 10 or 14 years are as follows: _ a) Calculate marginal pdt' s. b) How much do you expect an SUV that lasts 10 years to cost? 6) How long to you expect a Ford Escape to last? d) Calculate durability variance of a Ford