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43. Customers at a fast-food restaurant buy both sandwiches and drinks. The following joint distribution summarizes the numbers of sandwiches (X) and drinks (Y) purchased
43. Customers at a fast-food restaurant buy both sandwiches and drinks. The following joint distribution summarizes the numbers of sandwiches (X) and drinks (Y) purchased by customers. l' W W F331 r: T: Fdrlnks'O has 0 (3) Find the expected value and variance of the number of sandwiches. - lb) Find the expected value and variance of the number of drinks. 0 (c) Find the correlation between X and Y. (Hint: You might find the calculations easier if you use the alternative expression for the covariance shown in the Formulas section at the end of the chapter.) 0 d) Interpret the size of the correlation for the manager of the restaurant. 0 (e) If the profit earned from selling a sandwich is $1.50 and from a drink is $1.00, what is the expected value and standard deviation of the profit made from each customer? a (f) Find the expected value of the ratio of drinks to sandwiches. Is it the same as uy/ux
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