Variance of library return processing time
Question
A library system logs a returned book in hours if it comes back to its home branch, and in hours if it is dropped at a different branch. of borrowers use their home branch. Find the variance of the logging time.
Short answer
. Write the time as , where indicates a return to another branch, a Bernoulli variable with variance . The variance is then hours.
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Open the worked solutionLessons behind this question
- Expectation, Mean, and Variance
- Conditional Expectation and Variance Revisited
- Covariance and Correlation
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