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An Insurance Company Offers Its Policyholders A Nu...

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Q: Determine the value c so that each of the following functions


can serve as a probability distribution of the discrete
random
variable X:
(a) f(x) = c(x2 + 4), for x = 0, 1, 2, 3;
(b) f(x) = c (2x)
(33-x) , for x = 0, 1, 2. 2.
^^(2 is supposed to be
directly above x, but not in fraction
form, same for 3 and 3-x)

A: See step-by-step answer 100% (13 ratings)

Q: An insurance company offers its policyholders a number of


different premium payment options. For a randomly
selected
policyholder, let X = the number of months between
successive payments. The cdf of X is as follows:
F(x) =
0
 
x
< 1
0.31
 
1 ≤
x < 3
0.42
 
3 ≤
x < 4
0.46
 
4 ≤
x < 6
0.82
 
6 ≤
x < 12
1
 
12 ≤
x...

A: See step-by-step answer 100% (4 ratings)

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