x Prx 100 0.33159480009858 300 0.255815595142969 650 0.0919568574713459 800 0.161963816300084 850 0.141161493005315 1050 0.0149219069612958 1400 0.00258553102040934...

x	Prx
100	0.33159480009858
300	0.255815595142969
650	0.0919568574713459
800	0.161963816300084
850	0.141161493005315
1050	0.0149219069612958
1400	0.00258553102040934

Ordering supply of wood. Each modular unit requires 40 square-feet of wood. Standard practice involves ordering an additional 5000 square-feet per month (regardless of X) as a contingency (spare wood to compensate for mistakes in carpentry). Consider Regina Industries monthly wood order (MWO).

Determine the following for the random variable MWO.

(a) Its expected value

(b) Its standard deviation

(c) Its coefficient of variation (let M refer to the variable MWO)

(d) Express the random variable MWO as a simple algebraic function of X (the number of book-case units to be produced) being sure to consider the contingency

Expert Solution

orchestra answered 1 year ago

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