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An Appliance Dealer Sells Three Different Models of Upright Freezers x13.515.919.1P(x).2.4.4\begin{array} { l c c c } \hline x & 13.5 & 15.9 & 19.1 \\\hline P ( x ) & .2 & .4 & .4 \\\hline\end{array}

Question 13

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An appliance dealer sells three different models of upright freezers having 13.5, 15.9, and 19.1 cubic feet of storage space, respectively. Let X = the amount of storage space purchased by the next customer to buy a freezer. Suppose that X has pmf x13.515.919.1P(x).2.4.4\begin{array} { l c c c } \hline x & 13.5 & 15.9 & 19.1 \\\hline P ( x ) & .2 & .4 & .4 \\\hline\end{array}
a. Compute E(X),E(x2), and V(X)E ( X ) , E \left( x ^ { 2 } \right) , \text { and } V ( X )
b. If the price of a freezer having capacity X cubic feet is 25X - 8.5, what is the expected price paid by the next customer to buy a freezer?
c. What is the variance of the price 25X - 8.5 paid by the next customer?
d. Suppose that although the rated capacity of a freezer is X, the actual capacity is h(X)=X.01X2h ( X ) = X - .01 X ^ { 2 }
What is the expected actual capacity of the freezer purchased by the next customer?

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