A particular sale involves four items randomly selected from
alarge lot that is known to contain 10% defectives. Let Y denote
thenumber of defectives among the four sold. The purchaser of
theitems will return the defectives for repair, and the repair cost
isgiven by C = 3Y^2 + Y + 2. Find the expected repair cost.

Respuesta :

Answer:

The expected repair cost is 3.96.

Step-by-step explanation:

Given :A particular sale involves four items randomly selected from  a large lot that is known to contain 10% defectives.

The purchaser of  the items will return the defectives for repair, and the repair cost  is given by[tex]C = 3Y^2 + Y + 2[/tex]

To Find : Find the expected repair cost.

Solution:

We are given that A particular sale involves four items randomly selected from  a large lot that is known to contain 10% defectives.

So, The probability of item being defected = 0.10

Let Y denote  the number of defectives among the four sold.

It follows the binomial distribution.

n = 4 , p =0.10

[tex]E(Y)=np = 4 \times 0.10 =0.4[/tex]

[tex]V(Y)=np(1-p)=0.4(1-0.1)=0.36[/tex]

Now we know that [tex]V(Y)=E(Y^2)-[E(Y)]^2[/tex]

[tex]0.36=E(Y^2)-[0.4]^2[/tex]

[tex]0.36=E(Y^2)-0.16[/tex]

[tex]0.36+0.16=E(Y^2)[/tex]

[tex]0.52=E(Y^2)[/tex]

Now we are given an equation that represents the repair cost

[tex]C = 3Y^2 + Y + 2[/tex]

So, Expected repair cost = [tex]E(C) =E( 3Y^2 + Y + 2)[/tex]

[tex]E(C) =3E(Y^2) +E(Y) + 2[/tex]

[tex]E(C) =3 \times 0.52 +0.4+ 2[/tex]

[tex]E(C) =3.96[/tex]

Hence the expected repair cost is 3.96.