Question

It is known that the content of milk that is actually in a bag distributes normally with an average of 900 grams and variance 25 square grams. Suppose that the cost in pesos of a bag of milk is given by 𝐶(𝑥) = { 3800 𝑠𝑖 𝑥 ≤ 890 4500 𝑠𝑖 𝑥 > 890 Find the expected cost.

188

likes
941 views

Answer to a math question It is known that the content of milk that is actually in a bag distributes normally with an average of 900 grams and variance 25 square grams. Suppose that the cost in pesos of a bag of milk is given by 𝐶(𝑥) = { 3800 𝑠𝑖 𝑥 ≤ 890 4500 𝑠𝑖 𝑥 > 890 Find the expected cost.

Expert avatar
Esmeralda
4.7
92 Answers
To find the expected cost, we need to calculate the weighted average of the cost function, considering the probabilities of each case. Given: Average of milk content = 900 grams Variance of milk content = 25 square grams Let's calculate the probabilities for each case: Case 1: x ≤ 890 This corresponds to the lower range of milk content. To find the probability, we can use the cumulative distribution function (CDF) of the normal distribution. P(x ≤ 890) = CDF(890, 900, √25) Case 2: x > 890 This corresponds to the upper range of milk content. P(x > 890) = 1 - P(x ≤ 890) Now, let's calculate the probabilities: P(x ≤ 890) = CDF(890, 900, √25) = CDF(-2, 0, 5) ≈ 0.0228 P(x > 890) = 1 - P(x ≤ 890) = 1 - 0.0228 ≈ 0.9772 Next, let's calculate the expected cost: Expected cost = P(x ≤ 890) * Cost for x ≤ 890 + P(x > 890) * Cost for x > 890 Expected cost = 0.0228 * 3800 + 0.9772 * 4500 Expected cost ≈ 86.76 + 4397.4 Therefore, the expected cost is approximately: **Expected cost ≈ 4484.16 pesos**

Frequently asked questions (FAQs)
Find the area, A, of a circle with radius r=5.
+
What is the value of log(base a) [b * c]?
+
Question: Find the limit as x approaches 0 of (3x^4 + 2x^3 - x^2 + 5) / (2x^3 - 3x^2 + x)
+
New questions in Mathematics
Jose bought 3/4 of oil and his sister bought 6/8, which of the two bought more oil?
The Lenovo company manufactures laptop computers, it is known that for every 60 laptops produced, 54 go on the market with the highest quality standards. If a sample of 15 laptops is taken, calculate the probability that: Exactly 2 are not of high quality
The actual length of an object is 1.3 m . If the blueprint uses a scale of 1 : 12 , what is the length of the line on the drawing?
The cost of unleaded gasoline in the Bay Area once followed an unknown distribution with a mean of $4.59 and a standard deviation of $0.10. Sixteen gas stations from the Bay Area are randomly chosen. We are interested in the average cost of gasoline for the 16 gas stations. 84. Find the probability that the average price for 30 gas stations is less than $4.55. a 0.6554 b 0.3446 c 0.0142 d 0.9858 e 0
The average number of babies born at a hospital is 6 per hour. What is the probability that three babies are born during a particular 1 hour period?
Solve : 15/16 divide 12/8 =x/y
6-35 A recent study by an environmental watchdog determined that the amount of contaminants in Minnesota lakes (in parts per million) it has a normal distribution with a mean of 64 ppm and variance of 17.6. Assume that 35 lakes are randomly selected and sampled. Find the probability that the sample average of the amount of contaminants is a) Greater than 72 ppm. b) Between 64 and 72 ppm. c) Exactly 64 ppm. d) Greater than 94 ppm.
Given (3x+2)E [2;14] how much money (in soles) does Sophia have if numerically it is the greatest value of x?
A stunt man jumps horizontally from a building to the roof of a garage that is 2 meters lower. How fast does he need to be to land on the roof of the said garage that is 3 meters away from the building?
3.24 ÷ 82
I. Order to add 40.25+1.31+.45 what is the first action to do ?
X³-27
Express the trigonometric form of the complex z = -1 + i.
ind the z-score for which 72% of the distribution's area lies between -z and z. -1.7417, 1.7417 -1.1538, 1.1538 -1.0803, 1.0803 -2.826, 2.826
(a) List the set of possible rational zeros of the polynomial function F(x) = 2x3 - 11x2 + 13x - 4. (b) Find all rational zeros of F(x). Only do part B
A person runs 175 yards per minute write a variable that represents the relationship between time and distance
a) Statistics scores are normally distributed with the mean of 75 and standard deviation of 7. What is the probability that a student scores between 80 and 88
How many cards do you expect to pull from a poker deck until you get an ACE?
Find the rule that connects the first number to the second number of each pair. Apply the rule to find the missing number in the third pair. (18 is to 22) (54 is to 26) (9 is to ?)
An invoice for €2,880 plus default interest of €48.40 was paid on October 28th. Interest rate 5.5%. When was the bill due?