Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I want some help for this q 2. Bob is taking two exams shortly1 one on statistics and the other on accounting. He plans to

I want some help for this q

image text in transcribed
2. Bob is taking two exams shortly1 one on statistics and the other on accounting. He plans to allocate a proportion to of his revision time for statistics and the remaining 1 w for accounting, for some to 6 [0,1]. Let Bob's exam scores for statistics and accounting be given by 100 53 "' and 100 e\"; '1'\"), respectively1 where S and A are independent positive random vari- ables. (a) The moment generating functions of S and A are given respectively by 5 20 Mt=lt Mt=lt2. 3U 5_t{ 0} and FAQ?) = (1 8\") H: > 0}. In the exam of any subject, a score lower than 40 is regarded as a failure. Bob will be discontinued if he fails his exams for both statistics and accounting. Determine the optimal value ml of the proportion in which minimises Bob's probability of discontinuation. [6 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Algebra

Authors: Robert F Blitzer

7th Edition

013449492X, 9780134453262

More Books

Students also viewed these Mathematics questions

Question

5. Discuss some of the major obstacles to supply chain integration.

Answered: 1 week ago

Question

1. Television more Over watching faceing of many problems ?

Answered: 1 week ago

Question

Is there a link between chronic stress and memory function?

Answered: 1 week ago