Let X denote the amount of time a book on two-hour reserve is actually checked out, and suppose the cdf is the following.
F(x) =
0 | x < 0 | |||
|
0 ≤ x < 4 | |||
1 | 4 ≤ x |
Use the cdf to obtain the following. (If necessary, round your answer to four decimal places.)
(a) Calculate P(X ≤ 2).
(b) Calculate P(1.5 ≤ X ≤ 2).
(c) Calculate P(X > 2.5).
(d) What is the median checkout duration ? [solve 0.5 =
F()].
(e) Obtain the density function f(x).
f(x) =
F '(x) =
(f) Calculate E(X).
(g) Calculate V(X) and
σx.
V(X) | = | |
σx | = |
(h) If the borrower is charged an amount h(X) =
X2 when checkout duration is X,
compute the expected charge
E[h(X)].
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