Question: A person's monthly bill G has an approximate normal distribution with a variance of 2500 and a mean which is a function of several variables:
A person's monthly bill G has an approximate normal distribution with a variance of 2500 and a mean which is a function of several variables: M, the number of meals for which she will have guests, B, an index for how busy she is as work, and H, a variable which takes on 1 for the "holiday" months of November, December, and January, and 0 otherwise. Assume M P(8), B U[0, 1], and = 300+10M100B+50H. How is G distributed for a November where M = 10 and B = .5
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
