Page 1 of 1
5. The diameter X of a manufactured part is an exponential random variable with parameter B. (Note that B = 1/2). If X<
Posted: Fri Nov 26, 2021 8:40 am
by answerhappygod
- 5 The Diameter X Of A Manufactured Part Is An Exponential Random Variable With Parameter B Note That B 1 2 If X 1 (19.22 KiB) Viewed 63 times
5. The diameter X of a manufactured part is an exponential random variable with parameter B. (Note that B = 1/2). If X< 1, manufacturer realizes a profit of $3, if X> 1 the part must be discarded at a net loss of $1. The machinery manufacturing the part may be set so that B = 4 or B = 2. Which setting will maximize the manufacturer's expected profit?