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1. An individual who has car insurance from a certain company is randomly selected. Let Y...
An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is the following. p(y) 0.60 0.25 0.10 0.05 (a) Compute E(Y). E(Y) (b) Suppose an individual with γ violations incurs a surcharge of $110. Calculate the expected amount of the surcharge.
Question 4. (15 points) An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is ply) 0.10 0.05 (1). Find a, such that p(y) is a p.mf. (2).Write out the c.d.f of Y completely (3).Suppose an individual with Y violations incurs a surcharge of S(+100r*). Calculate the expected amount of the surcharge.
An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is the following. y 0 1 2 3 p(y) 0.50 0.25 0.20 0.05 (a) Compute E(Y). E(Y) = (b) Suppose an individual with Y violations incurs a surcharge of $110Y2. Calculate the expected amount of the surcharge. $
Question 4. (15 points) An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is 0 2 一 p(y) 0.25 0.10 0.05 (1). Find a, such that p(y) is a p.m.f (2). Write out the c.d.fof Y completely. (3), suppose an individual with Y violations incurs a surcharge of $(T+100r)·Calculate the expected amount of...
Lucky Number: Question 4. (15 points) An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf ofY is Page 4 of 8 p(y) 0.25 0.10 0.05 (1). Find a, such that p(y) is a p.mf. (2).Write out the c.d.f of Y completely. (3).Suppose an individual with Y violations incurs a surcharge of S(+100y2). Calculate the expected...
Question 4. (15 points) An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is 0 p(y) 0.25 0.100.05 (1). Find a, such that p(y) is a p.m.f (2). Write out the c.d.f of completely. (3) Suppose an individual with Y violations incurs a surcharge of S (r +100Y'. Calculate the expected amount of...
4 of 8 a certain ser-Number η, 4,(15 points). An individual who automobile insurance from has s randomly selected. Let Y be the number o as cited during the last 3 years. The pmf of Y is te nmber of moving violations for which the tning the last 3 v (I). Find a, such that p(y) is a p.m. (2). Write out the c.d.f of Y completely 0 0.05 p(y) 0.25 0.10 (3).Suppose an individual with Y expected amount of...
Number: Question 4. (15 points) An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is Py) 0.25 0.100.05 (1). Find a, such that p(y) is a p.m.f. (2).Write out the c.d.f of Y completely. (3).Suppose an individual with Y violations incurs a surcharge of $(Y +100y2). Calculate the expected amount of the surcharge.
rolde An individual who has automobile insurance from a company is randomly selected. Let Y moving violations for which the individual was cited during the last 3 years. The pmf of Y is be the number of 2 p(y) 0.6 0.25 0.10 0.05 (c) What is the probability that three randomly chosen individuals like that (ie., with automobile insur of them more than 1 violations? d) What is the probability that of three randomly chosen individuals with automobile insurance at...
ID No Question company is randomly Let individual was cited during the last 3 years. The pmf of Y is 15 points) An individual who has automobile insurance individud s andomly seleal who has automoble insurance from a certarn selected. Let Y be the number of moving violations for which the 050.10 p(y) 0.25 0.05 (1). Find a, such that py) is a p.m.f. (2).Write out the c.d.f of Y completely (3).Suppose an individual with Y violations incurs a surcharge...