Assignment Submission Assignmant Scoring Your last submission is used for your s

Question

Assignment Submission Assignmant Scoring Your last submission is used for your score. Possible values o' x, the number of components n a system submetedfor repair that mat be replace, are 1,2,3,"d·-·mmssonfing p ebabmw os, 0.3s, ais,-01s,nwtwy. (a) Caloulate FX) and then E(s- x 21 would the repair fadity be better en chepg.nat fee or ,65 _ the amount!( , The repair faclity ouls be better off charging a Rat fee of sos because "..gene any-that- (b) would the repair faclity be better off charging a flat fee of s65 or eise the b) (s -x ee Vew Previous Question Question 9 of 17 Vew Next

Explanation / Answer

(a) E(x) = 0.35*1 + 0.35*2 + 0.15*3 + 0.15*4

= 2.1

E(5-x) = 0.35*4 + 0.35*3 + 0.15*2 + 0.15*1

= 2.9

(b) E[150/(5-x)] = 0.35*(150/4) + 0.35*(150/3) + 0.15*(150/2) + 0.15*(150/1)

= 64.375

The repair facility would be better off charging a flat fee of $65 because E[150/(5-x)] = 64.375.

(Note: If the answer is not accepted, enter $64.375)

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.