Solutions Probability

Solution) A dealer’s profit in units of $5,000 on a new automobile is a random variable having a density funct

Question: A dealer’s profit in units of $5,000 on a new automobile is a random variable having a density function

\[f\left( x \right)=2\left( 1-x \right)\]

for \(x\in \left[ 0,1 \right]\).

(a) Find the variance in the dealer’s profit

(b) Demonstrate that Chebyshev’s inequality hold for k = 2 with the density function above

(c) What is the probability that the profit exceeds $500?

Price: $2.99
Solution: The solution consists of 2 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in