A shipping company handles containers in three different siz
A shipping company handles containers in three different sizes: (1) 27 ft3 (3 × 3 × 3), (2) 125 ft3, and (3) 512 ft3. Let Xi (i = 1, 2, 3) denote the number of type i containers shipped during a given week. With
i = E(Xi)
and
i2 = V(Xi),
suppose that the mean values and standard deviations are as follows:
Assuming that X1, X2, X3 are independent, calculate the expected value and variance of the total volume shipped. [Hint: Volume = 27X1 + 125X2 + 512X3.]
a) Expected value
B) Variance
| 1 = 220 | 2 = 240 | 3 = 110 |
| 1 = 9 | 2 = 12 | 3 = 8 |
Solution
