Multiple Choice
The amount of money that Jon can save after working for a summer is a random variable S with a mean of $1700 and a standard deviation of $100.After saving this money Jon plans to go on a trip to India.He will change his money into Rupees at an exchange rate of 43 Rupees to one Dollar.This money he will bring to India.When he arrives in India he will buy a used motorbike.The price in India of a motorbike of the type he wants is a random variable B with a mean of 18,500 Rupees and a standard deviation of 500 Rupees.The amount of money Jon will have left (in Rupees) after changing his savings into Rupees and buying a motorbike in India is a random variable P.Write an expression for P in terms of S and B.
A) P = 1700S - 18,500B
B) P = 43S - B
C) P = 43S - 18,500
D) P = S/43 - B
E) P = 1700S - B
Correct Answer:

Verified
Correct Answer:
Verified
Q205: A company bids on two contracts.It anticipates
Q206: Sue Anne owns a medium-sized business.The
Q207: We deal 6 cards from a deck
Q208: The amount of time it takes
Q209: A police department reports that the probabilities
Q210: A laboratory worker finds that 1.6% of
Q211: The rate of defects among CD players
Q212: Consider a random variable,X,with Uniform density over
Q214: Suppose that 11% of people are left
Q215: If X and Y are independent