Question: A random variable X , which represents the weight (in ounces) of an article, has density function given by f (z), (a) Calculate the mean

A random variable X , which represents the weight (in ounces) of an article, has density function given by f (z),

(z - 8) for 829 f(z) = (10-2) 0 for 9

(a) Calculate the mean and variance of the random variable X .

(b) The manufacturer sells the article for a fixed price of $2.00. He guarantees to refund the purchase money to any customer who finds the weight of his article to be less than 8.25 oz. His cost of production is related to the weight of the article by the relation x/15 + .35. Find the expected profit per article.

(z - 8) for 829 f(z) = (10-2) 0 for 9

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