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An insurance company offers its policyholders a number of different premium payment options. For a randomly...
An insurance company offers its policyholders a number of different premium payment options. For a randomly...
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) = x <1 0.34 1<x<3 0.44 3 <x< 4 0.494 <x< 6 0.82 6<x< 12 1 125 x (a) What is the pmf of X? P(x) (b) Using just the cdf, compute P(3 5 X 5 6) and P(4 5 X). P(35X56) = P(4...
An insurance company offers its policyholders a number of different premium payment options. For a randomly...
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 0.33 1 < x < 3 0.44 3 < x < 4 0.48 4 < x < 6 0.86 6 < x < 12 1 12 < x (a) What is...
(3) An insurance company offers its policyholders a number of different payment options For a randomly...
(3) An insurance company offers its policyholders a number of different payment options For a randomly sclected policyholder, let X the number of months between successive payments. The edf of X is as follows: 40 3514 44s6 Fa a. What ts the prnfonr b Using just the cdf compue 20 a Using just the pmf compute Px
An insurance company offers its policyholders a number of different premium payment options. For a randomly...
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The cumulative distribution function of X is F(x) = {0, if x < 1, 0.4, if 1 lessthanorequalto x < 3, 0.6, if 3 lessthanorequalto x < 5, 0.8, if 5 lessthanorequalto x < 7, 1.0, if x greaterthanorequalto 7. (a) What is the probability mass function of X? (b) Compute P(4...
24. An insurance company offers its policyholders a num- ber of different premium payment options. For...
24. An insurance company offers its policyholders a num- ber of different premium payment options. For a ran- domly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: .30 1<x<3 .40 3 <x<4 F(x) = .45 4 <x< 6 .60 6 <x< 12 12 <x 1 a. What is the pmf of X? b. Using just the cdf, compute P(3 < X < 6) and P(4 < X). 27
SELF ASSESSMENT 2 An insurance company offers policyholders a number of different Premium payment options. For...
SELF ASSESSMENT 2 An insurance company offers policyholders a number of different Premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The cumulative distribution function,cdf, of X is as follows: F(x) = 0x< 1 0.30 15x<3 0.40 35x< 4 10.45 4 < x < 6 0.60 6<x< 12 x 12 1 i. Determine the probability distribution function, f(x). ii. Find the expectation and standard deviation of X. iii. Compute,P(3 SXS 6).
An insurance company offers its policyholders a number of different premium payment options. For a randomly...
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The cumulative distribution function of X is ⎧ ⎪ ⎪ 0, if x < 1, ⎪ ⎪ ⎨ ⎪ 0.4, if 1 ≤ x < 3, F(x) = 0.6, if 3 ≤ x < 5, ⎪ ⎪ ⎪ ⎪ 0.8, if 5 ≤ x < 7, ⎩ ⎪ 1.0, if x ≥...
the class is EGEN 350 pleas i need the answers of questions 4,5 and 6 (3pts)...
the class is EGEN 350 pleas i need the answers of questions 4,5
and 6
(3pts) An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = number of months between successive payments. If the CDF is as follows, fill in the pmf in the table provided? 4. 0.30 1sx <3 0.45 4 x<6 0.60 6 Sx < 12 1x2 12 Fx)0.40 3sx <4 P(X x) (3pts) A certain type...
1. Three couples and two single individuals have been invited to an investment seminar and agreed...
1. Three couples and two single individuals have been invited to an investment seminar and agreed to attend. Suppose the probability that any particular couple or individual arrives late is 0.4. (Any couple drives in the same car so they are either both late or both on time.) Assume that different couples and individuals arrive independently of one another. Let X = the number of people who arrive late for the seminar. a. Determine the pmf of X (Hint: label...
An insurance company offers four different deductible levels-none, low, medium, and high-for its homeowner's policyholders and...
An insurance company offers four different deductible levels-none, low, medium, and high-for its homeowner's policyholders and three different levels-low, medium, and high -for its automobile policyholders. The accompanying table gives proportions for the various categories of policyholders who have both types of insurance. For example, the proportion of individuals with both low homeowner's deductible and low auto deductible is 0.07 (7% of all such individuals). Auto 0.05 0.20 0.15 Suppose an individual having both types of policies is randomly selected....
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) = x <1 0.34 1<x<3 0.44 3 <x< 4 0.494 <x< 6 0.82 6<x< 12 1 125 x (a) What is the pmf of X? P(x) (b) Using just the cdf, compute P(3 5 X 5 6) and P(4 5 X). P(35X56) = P(4...
(3) An insurance company offers its policyholders a number of different payment options For a randomly sclected policyholder, let X the number of months between successive payments. The edf of X is as follows: 40 3514 44s6 Fa a. What ts the prnfonr b Using just the cdf compue 20 a Using just the pmf compute Px
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The cumulative distribution function of X is F(x) = {0, if x < 1, 0.4, if 1 lessthanorequalto x < 3, 0.6, if 3 lessthanorequalto x < 5, 0.8, if 5 lessthanorequalto x < 7, 1.0, if x greaterthanorequalto 7. (a) What is the probability mass function of X? (b) Compute P(4...
24. An insurance company offers its policyholders a num- ber of different premium payment options. For a ran- domly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: .30 1<x<3 .40 3 <x<4 F(x) = .45 4 <x< 6 .60 6 <x< 12 12 <x 1 a. What is the pmf of X? b. Using just the cdf, compute P(3 < X < 6) and P(4 < X). 27
SELF ASSESSMENT 2 An insurance company offers policyholders a number of different Premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The cumulative distribution function,cdf, of X is as follows: F(x) = 0x< 1 0.30 15x<3 0.40 35x< 4 10.45 4 < x < 6 0.60 6<x< 12 x 12 1 i. Determine the probability distribution function, f(x). ii. Find the expectation and standard deviation of X. iii. Compute,P(3 SXS 6).
the class is EGEN 350 pleas i need the answers of questions 4,5
and 6
(3pts) An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = number of months between successive payments. If the CDF is as follows, fill in the pmf in the table provided? 4. 0.30 1sx <3 0.45 4 x<6 0.60 6 Sx < 12 1x2 12 Fx)0.40 3sx <4 P(X x) (3pts) A certain type...
1. Three couples and two single individuals have been invited to an investment seminar and agreed to attend. Suppose the probability that any particular couple or individual arrives late is 0.4. (Any couple drives in the same car so they are either both late or both on time.) Assume that different couples and individuals arrive independently of one another. Let X = the number of people who arrive late for the seminar. a. Determine the pmf of X (Hint: label...
An insurance company offers four different deductible levels-none, low, medium, and high-for its homeowner's policyholders and three different levels-low, medium, and high -for its automobile policyholders. The accompanying table gives proportions for the various categories of policyholders who have both types of insurance. For example, the proportion of individuals with both low homeowner's deductible and low auto deductible is 0.07 (7% of all such individuals). Auto 0.05 0.20 0.15 Suppose an individual having both types of policies is randomly selected....
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