The weekly amount of downtime y in hours for an industrial


The weekly amount of downtime Y (in hours) for an industrial machine has approximately a gamma distribution with α = 3 and β = 2. The loss L (in dollars) to the industrial operation as a result of this downtime is given by L = 30Y + 2Y 2. Find the expected value and variance of L.

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Microeconomics: The weekly amount of downtime y in hours for an industrial
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