5 A large lot of manufactured items contains 10% with exactly one defect, 7% with more than one defect, and the remainder with no defects. Ten items are randomly selected from this lot for sale. If Y₁ denotes the number of items with one defect and Y2, the number with more than one defect, the repair costs are Y₁ + 4Y2. Find the mean, in dollars, and variance of the repair costs. mean variance

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question
5
A large lot of manufactured items contains 10% with exactly one defect, 7% with more than one defect, and the remainder with no defects. Ten items are randomly
selected from this lot for sale. If Y₁ denotes the number of items with one defect and Y2, the number with more than one defect, the repair costs are Y₁ + 4Y2. Find the
mean, in dollars, and variance of the repair costs.
mean
variance
Transcribed Image Text:5 A large lot of manufactured items contains 10% with exactly one defect, 7% with more than one defect, and the remainder with no defects. Ten items are randomly selected from this lot for sale. If Y₁ denotes the number of items with one defect and Y2, the number with more than one defect, the repair costs are Y₁ + 4Y2. Find the mean, in dollars, and variance of the repair costs. mean variance
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