I want question 8 answered question 7 is posted because datafrom that question is required to answer 8
7. The following is the joint probability distribution of numberof car crashes (C) and car make (M). C = 0 C = 1 C = 2 C = 3 C = 4TOYOTA (M = 0) 0.35 0.065 0.05 0.025 0.01 OTHER (M = 1) 0.45 0.0350.01 0.005 0.00 A. Report the marginal probability distribution forC B. What is the average number of car crash? C. What is thevariance of the number of crashes? D. Calculate ?CM and ?CM.
8. Suppose car manufacturers are penalized (P) on the basis ofthe following formula P = 60,000 + 6C – 2M Using your answers forQuestion 7, calculate the following A. The average penalty (P) B.The variance of penalty (P)
