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Let X1,X2, and X3X _ { 1 } , X _ { 2 } \text {, and } X _ { 3 }

question 1

Essay

Let X1,X2, and X3X _ { 1 } , X _ { 2 } \text {, and } X _ { 3 } represent the times necessary to perform three successive repair tasks at a certain service facility. Suppose they are independent normal random variables with expected values μ1,μ1, and μ3 and variances σ12,σ12, and σ32\mu _ { 1 } , \mu _ { 1 } \text {, and } \mu _ { 3 } \text { and variances } \sigma _ { 1 } ^ { 2 } , \sigma _ { 1 } ^ { 2 } \text {, and } \sigma _ { 3 } ^ { 2 } \text {, } respectively.
a. If μ=μ2=μ3=65 and σ12=σ22=σ32=20\mu = \mu _ { 2 } = \mu _ { 3 } = 65 \text { and } \sigma _ { 1 } ^ { 2 } = \sigma_ { 2 } ^ { 2 } = \sigma_ { 3 } ^ { 2 } = 20 \text {, }

Calculate P(X1+X2+X3210)P \left( X _ { 1 } + X _ { 2 } + X _ { 3 } \leq 210 \right)
What is P(150X1+X2+X3210)?P \left( 150 \leq X _ { 1 } + X _ { 2 } + X _ { 3 } \leq 210 \right) ?
b. Using the μ2s and σ2s\mu _ { 2 } ^ { \prime } s \text { and } \sigma _ { 2 } ^ { \prime } s
given in part (a), calculate P(Xˉ59) and P(62Xˉ68)P ( \bar { X } \geq 59 ) \text { and } P ( 62 \leq \bar { X } \leq 68 )
c. Using the μ2s and σ2s\mu _ { 2 } ^ { \prime } s \text { and } \sigma _ { 2 } ^ { \prime } s
given in part (a), calculate P(10X1.5X2.5X35)P \left( - 10 \leq X _ { 1 } - .5 \mathrm { X } _ { 2 } - .5 X _ { 3 } \leq 5 \right)
d. If μ1=40,μ2=50,μ3=60,σ12=10,σ22=12, and σ32=14\mu _ { 1 } = 40 , \mu _ { 2 } = 50 , \mu _ { 3 } = 60 , \sigma _ { 1 } ^ { 2 } = 10 , \sigma _ { 2 } ^ { 2 } = 12 \text {, and } { \sigma_ { 3 } ^ { 2 } }= 14 \text {, }
calculate P(X1+X2+X3160) and P(X1+X22X3)P \left( X _ { 1 } + X _ { 2 } + X _ { 3 } \leq 160 \right) \text { and } P \left( X _ { 1 } + X _ { 2 } \geq 2 X _ { 3 } \right)

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Definitions:

Nuts

Hard-shelled seeds of certain plants that are generally edible and nutritious, often eaten raw, roasted, or used as ingredients in cooking.

Berries

Small, pulpy, and often edible fruits, typically juicy, rounded, brightly colored, and seed-containing, consumed worldwide in various forms.

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A mathematical representation of how individual preferences or consumption bundles yield levels of satisfaction or utility.

Budget Constraint

A representation of all the combinations of goods and services a consumer can afford to buy given their income and the prices of the goods.

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