6) The loss, L, due to a grease fire at Danny's Diner follows an exp(.4) distribution. Determine ...
6) The loss, L, due to a grease fire at Danny's Diner follows an exp(.4) distribution. Determine (1 < L< 4) a) .592 b).468 )427 d).384 e).340 e) .34 0 7) In (6), determine the probability that the insurance payout exceeds 3, given that the loss exceeds the policy deductible 1 a).225 b) .256 c).277 d).293 e) .301 8) In (6), determine E(payout). note: the payout could be 0. a) 1.428 b) 1.559 ) 1.676 d) 1.752 e) 1.831
6) The loss, L, due to a grease fire at Danny's Diner follows an exp(.4) distribution. Determine (1