Question: containing the pricing parameters provided by the gas supplier for the upcoming qu samples of hourly demands from the previous year. a) Let Cl. be

containing the pricing parameters provided by the gas supplier for the

containing the pricing parameters provided by the gas supplier for the upcoming qu samples of hourly demands from the previous year. a) Let Cl. be the random variable given by _Ct_{QF + I:irr _XEJ o = cps? + Hrs + max cits 41m: + til) CHE: - (or + rel] + (C? - EDGE - Cairo + Show that the random variable Cr models the hourly costs correctly. i_e_: it is ' pricing scheme described verbally above. HINT: Write an inequality stating t most term inside the man operator is greater than the middle term. Then solve th I} and qF + qt for which this inequality holds. Now T.vrite an inequality stat middle term is greater than the bottom term and solve the values of X: and which this inequality holds. It is safe to assume that Cl s: cr { C? s: C? s: of ca

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