Final answer:
The mean of the maximum flood level for the Susquehanna River with α=3 and β=0.07 is 0.21 million cubic feet per second, and the variance is 0.0147 million cubic feet per second squared.
Step-by-step explanation:
The student's question pertains to a gamma distribution and the task is to find the mean and variance of the maximum flood level for the Susquehanna River at Harrisburg, Pennsylvania using the given parameters α (alpha) and β (beta). The gamma distribution parameters provided are α=3 and β=0.07.
The mean of a gamma distribution is calculated using the formula αβ, which in this case gives us 3 * 0.07 = 0.21 million cubic feet per second. Similarly, the variance of a gamma distribution is obtained using the formula αβ², resulting in 3 * (0.07)² = 0.0147 million cubic feet per second squared. These results provide insights into the typical flood levels and their variability over the four years observed.