Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

Each week, the number of hours Oscar spends working is uniformly distributed between zero and one hundred. He gets paid one dollar an hour. If Oscar...

please, solve this questions with detailed and easy way of explanation. also It should be correct.!!!

thank you in advance.

  • Attachment 1
  • Attachment 2
Q13. Each week, the number of hours Oscar spends working is uniformly distributedbetween zero and one hundred. He gets paid one dollar an hour. If Oscar works more thanfifty hours in a week, there is a probability of 1 / 2 he will be paid overtime, receiving twodollars an hour for each hour beyond the initial fifty. Independently of receiving overtimepay, if Oscar works more than seventy five hours in a week, there is a probability of 1 / 2that he will receive a one hundred dollar bonus. Find the expected value and variance ofOscar’s weekly pay. Q14. Let X be a geometric random variable with parameter P, where P is itself random anduniformly distributed from 0 to (n — 1) / n. Let Z = lE[X|P]. Find lE[Z] and limn_,00 lE[Z]. Q15. The random variables X and Y are described by a joint PDF which is constant withinthe unit area quadrilateral with vertices (0,0), (0, 1), (1,2), and (1,1). Use the law of totalvariance to find the variance of X + Y.
Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question