Let X be the number of smoke alarms in an apartment. From government data, you find the
Question:
px(0) = 0.05
px(l) = 0.15
px(2) = 0.35
px(3) = 0.30
Px(A) = 0.10
Px(5) = 0.05
Assume each alarm requires one battery per year, and batteries cost $2.35.
a. What is the expected cost in batteries for smoke alarms for a randomly selected apartment?
b. What is the variance of the cost?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction to Probability
ISBN: 978-0716771098
1st edition
Authors: Mark Daniel Ward, Ellen Gundlach
Question Posted: