Andros has an oil fired heating system. In 30 days period he used a full tank of oil at a constant rate per day . At a different
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Answer:
Step-by-step explanation:
For this case we can use the moment generating function for the normal model given by:
And this function is very useful when the distribution analyzed have exponentials and we can write the generating moment function can be write like this:
And we have that the moment generating function can be write like this:
And we can write this as an infinite series like this:
And since this series converges absolutely for all the possible values of tX as converges the series e^2, we can use this to write this expression:
and we can use the property that the convergent power series can be equal only if they are equal term by term and then we have:
And then we have this:
And then we can find the
And we can find the variance like this :
And first we find:
And then the variance is given by:
Answer:
The mean and standard deviation of Y is $6.56 and $2.77 respectively.
Step-by-step explanation:
Consider the provided information.
Let Y represent their profit on a randomly selected pizza with this promotion.
The company is going to run a promotion where customers get $2 off any size pizza.
Therefore,
So the mean will be reduced by 2.
If we add or subtract any constant number from a given distribution, then the mean is changed by the same number(i.e constant number) but the standard deviation will remain the same.
Therefore
Hence, the mean and standard deviation of Y is $6.56 and $2.77 respectively.