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please help with part C

 Oct 31, 2018
 #1
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\(200 = R + P + C = \\ \\ R + (3R+4) + C =\\ \\ 4(R+1)+C\\ \\ C = 196-4R\)

 

\(E[C] =\\ E[196-4R]=\\ 196-4E[R] = \\ 196-4(2) = 188 \)

 

\(Var[C] = Var[196-4R] = \\ 4^2 Var[R] = \\ 16Var[R] =\\ 16(1.2) = 19.2\)

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 Oct 31, 2018
edited by Rom  Oct 31, 2018
 #2
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Thank you!!

 Oct 31, 2018

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