Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Sep 2017 My Price 3.00

types of industrial chemicals

Afirm purchases two types of industrial chemicals. Type I chemical costs $3 per gallon, whereas type II costs $5 per gallon. The mean and variance for the number of gallons of type I chemical purchased, Y1, are 40 and 4, respectively. The amount of type II chemical purchased, Y2, has E(Y2) = 65 gallons and V(Y2) = 8. Assume that Y1 and Y2 are independent and find the mean and variance of the total amount of money spent per week on the two chemicals.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Sep 2017 11:09 AM My Price 3.00

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