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StatisticsQ&A LibraryPorcelain figurines are sold for $10 if flawless, and for $3 if there are minor cosmetic flaws. Of the figurines made by a certain company, 90% are flawless and 10% have minor cosmetic flaws. In a sample of 100 figurines that are sold, let Y be the revenue earned by selling them and let X be the number of them that are flawless. a) Express Y as a function of X. b) Find µY. c) Find σY.Question

Asked Feb 20, 2020

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Porcelain figurines are sold for $10 if flawless, and for $3 if there are minor cosmetic flaws. Of the figurines made by a certain company, 90% are flawless and 10% have minor cosmetic flaws. In a sample of 100 figurines that are sold, let Y be the revenue earned by selling them and let X be the number of them that are flawless. a) Express Y as a function of X. b) Find µ_{Y}. c) Find σ_{Y}.

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