Solution

Problem # 8.1 Solution

l
ia
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at
M
2 e
-2 urs
20 o
The random variable 𝑋 has mean 50:

D IC
By Markov’s inequality,

M LR
𝐸𝑋 50 2

,B X
𝑃 𝑋 > 75 ≤ = =
75 75 3

T1 of
Q rt
Pa

Shounak Basak
10/19/2020
PODS Area, XLRI – Xavier School of Management
9
Problem
Problem # 8.2

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at
M
2 e
Continuing from the previous problem, if it is known that the variance of daily production is 25, what is the probability

-2 urs
that today’s production is between 40 and 60?

20 o
D IC
M LR
,B X
T1 of
Q rt
Pa

Shounak Basak
10/19/2020
PODS Area, XLRI – Xavier School of Management
10
Solution
Problem # 8.2 Solution

l
ia
er
at
M
2 e
-2 urs
20 o
D IC
The random variable 𝑋 has mean 50 and variance 25:

M LR
,B X
T1 of
Q rt
Pa

Shounak Basak
10/19/2020
PODS Area, XLRI – Xavier School of Management
11
Solution
Problem # 8.2 Solution

l
ia
er
at
M
2 e
-2 urs
The random variable 𝑋 has mean 50 and variance 25:

20 o
D IC
By Chebyshev’s inequality,

M LR
𝜎2

,B X
𝑃 𝑋 − 50 ≥ 10 ≤ 2
10

T1 of
Q rt
Pa

Shounak Basak
10/19/2020
PODS Area, XLRI – Xavier School of Management
12