Question: A service contract on a computer costs $100 per year. The contract covers all necessary maintenance and repairs on the computer. Suppose that the actual

A service contract on a computer costs $100 per year. The contract covers all necessary maintenance and repairs on the computer. Suppose that the actual cost to the manufacturer for providing this service is a random variable X (measured in hundreds of dollars) whose probability density function is f (x) = (x - 5)⁴/625, 0 ≤ x ≤ 5. Compute E(X) and determine how much money the manufacturer expects to make on each service contract on average.

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