In a large car repair shop, the time X in hours it takes to repair a car is a random variable with pdf given by 3 (2-3),
Posted: Wed May 11, 2022 7:49 am
In a large car repair shop, the time X in hours it takes to repair a car is a random variable with pdf given by 3 (2-3), 1<x<8 f(x) = 133 0, otherwise The cost of the repair depends on the time it takes which is defined as C(x) = 60+ 25/7. 1. Compute the expected cost to repair a car. 2. Calculate the standard deviation of the cost to repair a car.