3 problems found
When I throw a dart at a target, the probability that it lands a distance \(X\) from the centre is a random variable with density function \[ \mathrm{f}(x)=\begin{cases} 2x & \text{ if }0\leqslant x\leqslant1;\\ 0 & \text{ otherwise.} \end{cases} \] I score points according to the position of the dart as follows: %
The cakes in our canteen each contain exactly four currants, each currant being randomly placed in the cake. I take a proportion \(X\) of a cake where \(X\) is a random variable with density function \[{\mathrm f}(x)=Ax\] for \(0\leqslant x\leqslant 1\) where \(A\) is a constant.
The maximum height \(X\) of flood water each year on a certain river is a random variable with density function \begin{equation*} {\mathrm f}(x)= \begin{cases} \exp(-x)&\text{if \(x\geqslant 0\),}\\ 0&\text{otherwise}. \end{cases} \end{equation*} It costs \(y\) megadollars each year to prepare for flood water of height \(y\) or less. If \(X\leqslant y\) no further costs are incurred but if \(X\geqslant y\) the cost of flood damage is \(r+s(X-y)\) megadollars where \(r,s>0\). The total cost \(T\) megadollars is thus given by \begin{equation*} T= \begin{cases} y&\text{if \(X\leqslant y\)},\\ y+r+s(X-y)&\text{if \(X>y\)}. \end{cases} \end{equation*} Show that we can minimise the expected total cost by taking \[y=\ln(r+s).\]