What is the expected cost to make the new aircraft, Basic Statistics

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What is the expected cost to make the new aircraft

A contract was given for the cost of making a new aircraft component. The actual cost, X, in $50,000, is predicted by the probability density function:

f(x) = x for 0 <=x<=1
2-x for 1

1. What is the expected cost to make the new aircraft?

2. What is the cost X to build the aircraft for which the probability of exceeding X is 0.02?

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Basic Statistics: What is the expected cost to make the new aircraft

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Basic Statistics: What is the expected cost to make the new aircraft

Reference No:- TGS093130

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Recent Questions Asked Basic Statistics

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Ask an Expert for Answer!!

Basic Statistics: What is the expected cost to make the new aircraft

Reference No:- TGS093130

Recent Questions Asked Basic Statistics

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