Question: This problem shows you how to make a better blend of almost anything. Let x 1 , x 2 , x n be independent

This problem shows you how to make a better blend of almost anything.

Let x1, x2, … xn be independent random variables with respective variances σ21, σ22 , … , σ2n.

Let c1, c2, ………., cn be constant weights such that 0 ≤ ci ≤ 1 and c1 + c2 + … + cn = 1. The linear combination w = c1x1 + c2 x2 + … + cnxn is a random variable with variance

.2 +. o, = c{o} +

 (a) Two types of epoxy resin are used to make a new blend of superglue. Both resins have about the same mean breaking strength and act independently. The question is how to blend the resins (with the hardener) to get the most consistent breaking strength. Why is this important, and why would this require minimal σ2W?

We don’t want some bonds to be really strong while others are very weak, resulting in inconsistent bonding.

Let x1 and x2 be random variables representing breaking strength (lb) of each resin under uniform testing conditions. If σ1 = 8 lb σ2 = 12 lb, show why a blend of about 69% resin 1 and 31% resin 2 will result in a superglue with smallest σW2 and most consistent bond strength.

(b) Use c1 = 0.69 and c2 = 0.31 to compute σw and show that σw is less than both s1 and s2. The dictionary meaning of the word synergetic is “working together or cooperating for a better overall effect.” Write a brief explanation of how the blend w = c1x1 + c2 x2 has a synergetic effect for the purpose of reducing variance?

.2 +. o, = c{o} +

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