3)Let Y be a random variable defined as follows. final cost of the project Y = estimated cost of the project Let the pro

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3 Let Y Be A Random Variable Defined As Follows Final Cost Of The Project Y Estimated Cost Of The Project Let The Pro 1 (119.51 KiB) Viewed 19 times

3)Let Y be a random variable defined as follows. final cost of the project Y = estimated cost of the project Let the probability density function (ODF) of the random variable Y be as follows.( X=1) fy(y) = {2.X/y2 ) (2.x/3² y<1 1 Sy sa y > a a) Calculate the value of a. b)Calculate the probability that the final cost of the project will exceed the estimated cost by 38% c)Calculate the mean and standard deviation of Y. Hint: The possible outcomes for this question are within the values given below 1.3863 1.3579 1.3335 1.3123 1.2936 1.2771 1.2623 1.2491 1.2371 1.2263 0.2796 0.2552 0.2348 0.2173 0.2023 0.1891 0.1776 0.1674 0.1583 0.1501 2.0000 1.9091 1.8333 1.7692 1.7143 | 1.6667 1.6250 1.5882 1.5556 1.5263 0.5385 0.5031 0.4667 0.4293 0.39100.3519 0.3118 0.2708 0.2290 0.1863