Question Solved1 Answer A food manufacturer uses an extruder (a machine that produces bite-size cookies and snack food) that yields revenue for the firm at the rate of $200 per hour when in operation However, the extruder breaks down on an average of four times every day it operates. If y denotes the number of breakdowns per day, the daily revenue generated by the machine is R = 1,400 - 50V. Find the expected daily revenue in dollars for the extruder. Need Help?

GPPACN The Asker · Probability and Statistics

Transcribed Image Text: A food manufacturer uses an extruder (a machine that produces bite-size cookies and snack food) that yields revenue for the firm at the rate of $200 per hour when in operation However, the extruder breaks down on an average of four times every day it operates. If y denotes the number of breakdowns per day, the daily revenue generated by the machine is R = 1,400 - 50V. Find the expected daily revenue in dollars for the extruder. Need Help?
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Transcribed Image Text: A food manufacturer uses an extruder (a machine that produces bite-size cookies and snack food) that yields revenue for the firm at the rate of $200 per hour when in operation However, the extruder breaks down on an average of four times every day it operates. If y denotes the number of breakdowns per day, the daily revenue generated by the machine is R = 1,400 - 50V. Find the expected daily revenue in dollars for the extruder. Need Help?
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Answer:-Given that{:[R=1400-50y^(2)],[lambda=4],[E(Y)=var(y)+E(y)^(2)],[=4+(4)^(2)],[=4+16],[E[y^(2)]=20]:}Expected ... See the full answer