3 years ago

Use WeUES U Hyucu

Mathematics

1 answer:

Sedbober [7]3 years ago

5 0

Answer:

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The total cost for a production process is equal to $1,000 plus two times the number of units produced. The mean and variance fo

Andrej [43]

Answer:

$\mu_p=2000\\\\\sigma_p^2=3600$

Step-by-step explanation:

Let X be the number of units produced, and P be the cost of production.

#Given that $\mu_x=500, \sigma_x^2=900$

Cost of production can be calculated as:

$P=1000+2X$

#Mean of the total cost is calculated as;

$\mu_p=1000+2\mu_x\\\\=1000+2(500)\\\\=2000$

Hence, the mean cost of production is $2,000

#Variance of the total cost is calculated as;

$\sigma_p^2=2^2\sigma_x^2\\\\=2^\times 900\\\\=3600$

Hence, the variancecost of production is $3,600

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