Worked solution
Apply prices after adding independent masses
Melons cost $1.50 per kilogram and their masses are normal with mean 0.8 kg and standard deviation 0.1 kg. Pumpkins cost $0.50 per kilogram and their masses are normal with mean 1.2 kg and standard deviation 0.2 kg. Find the probability that the total price of 5 randomly chosen melons and 3 randomly chosen pumpkins exceeds $8.
[N2002/II/28]
CJC · Lecture · Example 9
Define separate fruit masses
Let and be masses in kg. The source sum models assume independently selected fruit masses; state this sampling assumption before adding variances.
Add five melon masses, then scale by the price
. Their price is in dollars.
Add three pumpkin masses, then scale by the price
. Their price is .
Combine both prices and evaluate the upper tail
Let . Then . Thus to three significant figures. The independent numerical value is 0.2981208153…; convert mass uncertainty to price uncertainty before evaluating the event.
Common mistakes
Five separately chosen melons give 5Var(M), not 25Var(M); the separate price factor 1.5 then contributes its square.