E(X) = 0(0.7) + 1(0.2) + 2(0.1) = 0.2 + 0.2 = 0.4
The expected daily loss due to blackouts = 0.4 * $500 = $200
Var(X) = 0(0.7 - 0.4)^2 + 1(0.2 - 0.4)^2 + 2(0.1 - 0.4)^2 = 0.04 + 0.18 = 0.22
The expected daily variance due to blackouts = 0.22 * $500 = $110
0 it is at ocean level so elevation is zero
Answer:
X>0, so the second one
Step-by-step explanation:
Since the point on 0 is OPEN that means the number (0) is NOT part of the solution. Therefore, X is greater than 0.
