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The weekly repair cost Y for a machine has a probability density function given by

f(y) = 3(1-y)2 for 0

with measurments in hundreds of dollars. How much money should be budgeted each week for repair costs so that the actual cost of repairs will exceed the budgeted amount only 10% of the time?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91111062

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