Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Computer Engineering Expert

Along a stretch of highway the posted speed limit is 80 km/h. However, not everyone obeys the posted speed limit. The probability distribution below gives historical data for the random variable X, the maximum speed reached by a car along this highway (measured in km/h).

x 80 90 100 110 120 130

f(x) 0.65 0.16 0.08 0.06 0.03 0.02

Suppose that to use the highway drivers must pay a fee. Each car must pay a basic fee of $3, plus an additional $0.25 for every km/h over the speed limit they reach in their maximum speed. The province in charge of the highway has set up cameras along the highway to monitor who uses the highway (they can also monitor speed this way), and then sends the registered owner of the car a bill for the amount of the fee.

Find the variance for the fee.

How to solve?

Computer Engineering, Engineering

  • Category:- Computer Engineering
  • Reference No.:- M92860211
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Computer Engineering

Risk management software is a critical application that

Risk management software is a critical application that businesses use to gain insight on how risk drivers can impact a project and business. For this research assignment, you will do an internet search for "risk managem ...

In c languageread a double number as 2 digits after the

In C language: Read a double number as 2 digits after the decimal point. The number should have at least 6 digits BEFORE the decimal point. Extract all digits at even positions. Print them in reverse order. Extract all d ...

Question do a research on the internet and discuss about

Question : Do a research on the Internet and discuss about the history of development of the networking field. Also discuss some of the recent trends in the networking area, (approx 200 words)

Question suppose that we run a greedy search algorithm with

Question : Suppose that we run a greedy search algorithm with h(n) = -g(n). What sort of search will the greedy search emulate? What if h(n) = g(n)? What sort of search does greedy search emulate in this case? Explain yo ...

Refer to the cyclic redundancy check crc codes discussed in

Refer to the Cyclic Redundancy Check (CRC) codes discussed in the textbook and follow the conventions used in the textbook. Consider the 5-bit generator, G=10011, and suppose that D has the value 1010101011. What is the ...

A small sports club keeps information about its members and

A small sports club keeps information about its members and the fees they pay. The secretary wants to be able to record when members pay and print a report similar to that in the figure below. last n me - first_narne - p ...

You are required to carry out an analysis of the it

You are required to carry out an analysis of the IT requirements of a software company and design a virtualisation solution to satisfy these requirements. You will need to produce a report outlining your design and provi ...

What are the differences between four types of economics

What are the differences between four types of economics evaluations and their differences with other two (budget impact analysis (BIA) and cost of illness (COI) studies)?

What is asymmetric information and how does it affect the

What is asymmetric information and how does it affect the consumer or buyer?

Question the redblue computation simulates two interactive

Question : The Red/Blue computation simulates two interactive flows: an n × n board is initialized so cells have one of three colors: red, white, and blue, where white is empty, red moves right, and blue moves down. Colo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As