Ex 1.3. To go from A to B, Choi can take the bus with expected travel time A and standard deviation (std) σ, or the bike with expected travel time u and std T. He throws an unfair coin that lands with probability p on heads. When the outcome X is heads, he takes the bus, otherwise the bike. Let T be the expected traveling time. Use conditioning to show that E[T] = pλ + (1 − p)µ. Compute V[TIX]. Use Eve's law to compute V[T].
Ex 1.3. To go from A to B, Choi can take the bus with expected travel time A and standard deviation (std) σ, or the bike with expected travel time u and std T. He throws an unfair coin that lands with probability p on heads. When the outcome X is heads, he takes the bus, otherwise the bike. Let T be the expected traveling time. Use conditioning to show that E[T] = pλ + (1 − p)µ. Compute V[TIX]. Use Eve's law to compute V[T].
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 64E
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