Question

Let Y1 denote the weight of a bulk item stocked by a supplier, with a uniform distribution over the interval (0, 1). The random variable Y2 denotes the weight of the item sold and is assumed to have a uniform distribution over the interval (0, y1), where y1 is a specific value of Y1. If the supplier stocked 5 6 ton, what amount in tons could be expected to be sold during the week

Answer 1

Answer:

5/12 ton

Step-by-step explanation:

Y1 ( uniform random variable ) : ( 0, 1 )

Y2 ( uniform distribution ) ; ( 0, y1 )

supplier stocked ; 5/6 ton

Determine the amount of tons expected to be sold

F ( y2 | y1 ) = 1 / y1

E ( y2 | y1 = 5/6 )

The number of tons expected to be sold = 5/12 ton

attached below is the detailed solution