An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X 5 the number of months between successive payments. The cdf of X is as follows:

0 x<1
0.30 1< x <3
F(x)= 0.40 3< x <4
0.45 4< x <6
0.60 6< x <12
1 12< x

Required:
a. What is the pmf of x?
b. Using just the cdf, compute P(3< x <6)and P(4< x)

Answers

Answer 1

Answer:

(a)

[tex]\begin{array}{cccccc}x & {1} & {3} & {4} & {6} & {12} \ \\ P(x) & {0.30} & {0.10} & {0.05} & {0.15} & {0.40} \ \end{array}[/tex]

(b)

[tex]P(3 \le x \le 6) = 0.30[/tex]

[tex]P(4 \le x)=0.60[/tex]

Step-by-step explanation:

Given

[tex]F(x) = \left[\begin{array}{ccc}0& x<1 &\\0.30&1 \le x<3 &\\0.40&3 \le x < 4& &0.45 &4 \le x<6 &\\0.60 & 6 \le x < 12 & & 1 & 12 \le x\end{array}\right[/tex]

Solving (a): The pmf

This means that we list out the probability of each value of x.

To do this, we simply subtract the current probability value from the next.

So, we have:

[tex]\begin{array}{cccccc}x & {1} & {3} & {4} & {6} & {12} \ \\ P(x) & {0.30} & {0.10} & {0.05} & {0.15} & {0.40} \ \end{array}[/tex]

The calculation is as follows:

[tex]0.30 - 0 = 0.30[/tex]

[tex]0.40 - 0.30 = 0.10[/tex]

[tex]0.45 - 0.40 = 0.05[/tex]

[tex]0.60 - 0.45 = 0.15[/tex]

[tex]1 - 0.60 = 0.40[/tex]

The x values are gotten by considering where the equality sign is in each range.

[tex]1 \le x < 3[/tex] means [tex]x = 1[/tex]

[tex]3 \le x < 4[/tex] means [tex]x = 3[/tex]

[tex]4 \le x < 6[/tex] means [tex]x=4[/tex]

[tex]6 \le x < 12[/tex] means [tex]x = 6[/tex]

[tex]12 \le x[/tex] means [tex]x = 12[/tex]

Solving (b):

[tex](i)\ P(3 \le x \le 6)[/tex]

This is calculated as:

[tex]P(3 \le x \le 6) = F(6) - F(3-)[/tex]

From the given function

[tex]F(6)= 0.60[/tex]

[tex]F(3-) = F(1) = 0.30[/tex]

So:

[tex]P(3 \le x \le 6) = 0.60 - 0.30[/tex]

[tex]P(3 \le x \le 6) = 0.30[/tex]

[tex](ii)\ P(4 \le x)[/tex]

This is calculated as:

[tex]P(4 \le x)=1 - F(4-)[/tex]

[tex]P(4 \le x)=1 - F(3)[/tex]

[tex]P(4 \le x)=1 - 0.40[/tex]

[tex]P(4 \le x)=0.60[/tex]


Related Questions

If anyone knows answer with steps that will be greatly appreciated :)

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Answer:

The area formula is= 1/2(a+b)×height

1/2×20×6=60metres squared

Step-by-step explanation:

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Answer:

Step-by-step explanation:

[tex]\begin{bmatrix}3 & 6 & 1\\ 2 & 4& 0\\ 0 & 6 & 2\end{bmatrix}\times\begin{bmatrix}2\\ 0\\ 1\end{bmatrix}[/tex]

Multiply the terms of the rows of the first matrix with the terms given in the column of the second matrix.

[tex]=\begin{bmatrix}(3\times 2+6\times 0+1\times 1)\\ (2\times 2+4\times 0+0\times1)\\ (0\times 2+6\times 0+2\times 1)\end{bmatrix}[/tex]

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What is the slope of the line that passes through the points (-7, -4) and
(-11, -2)? Write your answer in simplest form.

Answers

Answer:

-1/2

Step-by-step explanation:

We can use the slope formula

m = ( y2-y1)/(x2-x1)

   = ( -2 - -4)/( -11 - -7)

   =( -2+4)/( -11+7)

   = 2 / -4

  = -1/2

K.Brew sells a wide variety of outdoor equipment and clothing. The company sells both through mail order and via the internet. Random samples of sales receipts were studied for mail-order sales and internet sales, with the total purchase being recorded for each sale. A random sample of 18 sales receipts for mail-order sales results in a mean sale amount of $81.90 with a standard deviation of $22.25. A random sample of 8 sales receipts for internet sales results in a mean sale amount of $88.30 with a standard deviation of $23.25. Using this data, find the 90% confidence interval for the true mean difference between the mean amount of mail-order purchases and the mean amount of internet purchases. Assume that the population variances are not equal and that the two populations are normally distributed. Construct the 98% confidence interval.

Answers

Answer:

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In how many distinct ways can the letters of the word MAMAS be​ arranged?

Answers

Answer:

120 ways

Step-by-step explanation:

There are 5 letters.

5! = 5*4*3*2*1

   = 20*6

   = 120

Answer:

The answer is 30.  You cant repeat letters. Ther are 5 letters, the M and A are repeat letters so 5-2=3  5!/3! = 30

Step-by-step explanation:

1% defective parts. 100,00 parts made in total. The number of defects made should equal?

Answers

Answer:

1,000 defects

Step-by-step explanation:

Find how many defects that should be made by finding 1% of 100,000:

100,000(0.01)

= 1000

So, there should be 1,000 defects

Help please guys thanks

Answers

Answer:

False

Step-by-step explanation:

a^(m/n)=sqrt_{n}a^m

The baker bought the buttercream icing from Crave Cupcakes. Calculate how many containers of icing the baker needs to buy in order to ice a wedding cake. Each container of icing contains 16 ounces of icing. If it takes 56 ounces of icing to cover 678 square inches of cake, calculate the total cost for the icing before tax if each 16 ounce(2 cup) container of icing costs $10.

Answers

Answer:

$40.

Step-by-step explanation:

You need 4 16oz containers of icing to fully cover the cake. As each container costs $10, and you need 4 containers, the total cost of icing to cover the wedding cake, before tax, is $40.

What is the equation of the line that passes through the point (6, -6) and has a slope
of – 5/3?

Answers

Answer:

y = -5/3x + 4

Step-by-step explanation:

Use the point-slope equation:

y - y₁ = m(x - x₁), where (x₁, y₁) is the given point

The line is:

y - (-6) = -5/3(x - 6) y + 6 = -5/3x + 10y = -5/3x + 4

Please help asap! Easy question :)

Two fair dice are rolled. Determine the following probability:
P(​one number is a multiple of 4 and the other is a multiple of 6)

Answers

Answer:

P(​one number is a multiple of 4 and the other is a multiple of 6) = 1/18

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

Total outcomes:

For the pair of dice:

(1,1), (1,2), (1,3), (1,4), (1,5), (1,6)

(2,1), (2,2), (2,3), (2,4), (2,5), (2,6)

(3,1), (3,2), (3,3), (3,4), (3,5), (3,6)

(4,1), (4,2), (4,3), (4,4), (4,5), (4,6)

(5,1), (5,2), (5,3), (5,4), (5,5), (5,6)

(6,1), (6,2), (6,3), (6,4), (6,5), (6,6)

So 36 total outcomes.

Desired outcomes:

One multiple of 4 and one multiple of 6.

2 possible outcomes: (4,6) or (6,4)

Probability:

2 outcomes out of 36, so:

[tex]p = \frac{2}{36} = \frac{1}{18}[/tex]

Then

P(​one number is a multiple of 4 and the other is a multiple of 6) = 1/18

The graph below displays a fire department’s response time, which measures the time from when the alarm is sounded at the firehouse to the time the first fire engine leaves the station.

A histogram titled Fire Department Response Times has response time (seconds) on the x-axis and relative frequency on the y-axis. 20 to 30, 0.07; 30 to 40, 0.08; 40 to 50, 0.2; 50 to 60, 0.32; 60 to 70, 0.18; 70 to 80, 0.13; 80 to 90, 0.04.

Which interval accounts for the lowest percentage of response times?

20–30 seconds
30–40 seconds
70–80 seconds
80–90 seconds

I think its (D), 80-90 seconds. Someone check me.

Answers

Answer:

I also think this is D.

Step-by-step explanation:

This question isn't asking for a lot of math so.

According to the graph, the 80-90 seconds response times are the shortest, meaning it is the least frequent or common.

Plus, it would be a bad thing if it was average anyways, and is outlined by the histogram.

What type of number can be written as a fraction

Answers

Answer:

a rational number is a number that can be written as a fraction

I hope this helps

Two ice cream stands are deciding where to set up along a 1-mile-long beach. The people are uniformly located along the beach, and each person sitting on the beach buys exactly 1 ice cream cone per day from the nearest stand. Each ice cream seller wants the maximum number of customers. True or False: The two stands will most likely be 1/3 mile away from each other. True

Answers

Answer:

Each ice cream seller wants the maximum number of customers:

True

The two ice cream stands will most likely be 1/3 mile away from each other.

True

Step-by-step explanation:

This distance enables the two ice cream stands to give access to the maximum number of customers at the beach, which will be almost equal at their right-hand and left-hand sides.  Therefore, the two ice cream stands will most likely be 1/3 mile away from each other.  Such positioning exposes the ice cream stands to almost equal number of customers since the people standing along the beach are uniformly located.  Taking the extreme locations along the 1-mile-long beach will shrink location opportunities for both stands.

what is the square root of 24

Answers

Answer:

the square root of 24 is 4.89897948557

Answer:

4.89

Step-by-step explanation:

2root 6........***

What is the equation of a line that passes through the point (1,8) and is perpendicular to the line whose equation is y=x/2+3?

Answers

Answer:

m=1/2

y-8=1/2(x-1)

y-8=1/2x-1/2

multiply through by 2

2y-16=x-1

2y-16+1-x=0

2y-15-x=0

2y-x-15=0

What is the lengh of the line

Answers

Answer:

√45 or 3√5

Step-by-step explanation:

find an odd natural number x such that LCM (x,40)= 1400

Answers

The odd natural number x such that the LCM of x and 40 is 1400 is 35

Lowest Common Multiple

The least common multiple the lowest multiple of two or more numbers.

From the question, we need to determine the value of x of the LCM of the numbers is 1400

LCM (x,40) = 1400

Find a possible value of x

x = 1400/40

x = 35

Hence the odd natural number x such that the LCM of x and 40 is 1400 is 35

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#SPJ1

Please help! Thank you!!!!!

Answers

9514 1404 393

Answer:

f(x) = x² -3g(x) = 6x +7h(x) = 3^x

Step-by-step explanation:

f(x) is copied from the problem statement.

g(x) is a symbolic representation of the English wording, using x to represent "a number."

h(x) is the exponential function that corresponds to the geometric sequence in the table. It has a common ratio of 3, and a multiplier of 1 at x=0.

If Logx (1 / 8) = - 3 / 2, then x is equal to what?​

Answers

Answer:

Logx(1/8) = -3/2

x = 4

Answered by GAUTHMATH

substitute for A,P and T in the fomula A=P (1+r)^t,give that A=1 000 000,P=10 000 and T=2,and express as a quadratic equation​

Answers

A = 10,00,000

P = 10,000

T = 2

1000000 = 10000(1+r/100)^2

1000000 = 10000((100 + r)/100)^2

1000000 = 10000× 100 + r/100 × 100 + r/100

1000000 = 10000 + r^2

1000000 - 10000 = r^2

990000 = r^2

√99000 = r

Quadratic Equation

10000(1+r/100)^2

i provided the question

Answers

Answer:

(0, 3)

Step-by-step explanation:

y = 3 is the horizontal tangent to y = x^2+3, and passes the parobala at (0, 3)

Find the missing Side of the triangle

Answers

Answer:

2√15

Step-by-step explanation:

Use the Pythagorean theorem.

2² + x² = 8²

x² + 4 = 64

x² = 60

x² = 4 * 15

x = 2√15

help please! I need the answer quickly! thank you!

Answers

Answer:

B) 1 unit to the left

Step-by-step explanation:

You have collected data about the fasting blood glucose (FBG) level of participants in your study. You are delighted to find that the variable is normally distributed. If the mean FBG is 82 and the standard deviation is 2.8 in what range would you expect to find the FBG of 68% of your study participants

Answers

Answer:

Between 79.2 and 84.8.

Step-by-step explanation:

The Empirical Rule states that, for a normally distributed random variable:

Approximately 68% of the measures are within 1 standard deviation of the mean.

Approximately 95% of the measures are within 2 standard deviations of the mean.

Approximately 99.7% of the measures are within 3 standard deviations of the mean.

In this problem, we have that:

Mean of 82, standard deviation of 2.8.

In what range would you expect to find the FBG of 68% of your study participants?

By the Empirical Rule, within 1 standard deviation of the mean, so:

82 - 2.8 = 79.2

82 + 2.8 = 84.8

Between 79.2 and 84.8.

An airline charges the following baggage fees: $20 for the first bag and $40 for the second. Suppose 54% of passengers have no checked luggage, 25% have only one piece of checked luggage and 21% have two pieces. We suppose a negligible portion of people check more than two bags.
a) The average baggage-related revenue per passenger is: $___.
b) The standard deviation of baggage-related revenue is: $____.
c) About how much revenue should the airline expect for a flight of 120 passengers?

Answers

what are you suppose to do here ?

find the missing length indicated​

Answers

Answer:

c = 175

Step-by-step explanation:

When the height of a right triangle is shown this way (at right angles with the hypotenuse, It can be found by using the way the hypotenuse is broken up. The following proportion works.

576/x = x / 49          Cross multiply

x^2 = 576 * 49

sqrt(x^2) = sqrt(576*49)

x = 24 * 7

x = 168

But that's not what you want (although it is close).

What you want is the hypotenuse to the small lower triangle

c = ?

a = 49

b = 168

c^2 =  49^2 + 168^2

c^2 = 2401 + 28224

c^2 = 30625

c = sqrt(30625)

c = 175

If a runner jogs 3 miles west and then jogs 8 miles
north, how far is the runner from her starting point
if she plans to run straight back? Remember to
simplify your answer.

Answers

If they run 3 miles west then 8 miles north, it forms a right triangle. So just use the Pythagorean Theorum.

A^2+B^=C^2

3^2+8^3=C^2

9+64=C^2

Square root 73=C or 8.54=C (Miles)

The runner is 8.54 miles from her starting point if she plans to run straight back.

From the question, a runner jogs 3 miles west and then jogs 8 miles north.

An illustrative diagram for the journey is shown in the attachment below.

In the diagram, S is the starting point. That is, the runner jogs 3 miles west to a place R and then 8 miles north to a place E.

The cardinal points (North, East, West and South) are indicated beside the diagram.

Now, to calculate how far she is from her starting point if she plans to run straight back, we will determine the length of /ES/ in the diagram.

The diagram is a right-angled triangle and /ES/ can be determined using the Pythagorean theorem.

The Pythagorean theorem states that, in a right-angled triangle, the square of the longest side ( that is hypotenuse) equals sum of the squares of the other two sides.

In the diagram, hypotenuse = /ES/

∴ /ES/² = /SR/² + /RE/²

/SR/ = 3 miles

/RE/ =8 miles

/ES/² = 3² + 8²

/ES/² = 9 + 64

/ES/² = 73

/ES/ = [tex]\sqrt{73}[/tex]

/ES/ = 8.54 miles

Hence, the runner is 8.54 miles from her starting point if she plans to run straight back.

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Consider the distribution Ber(0.25). Consider the categorical statistical model({a1,..., ax},{Pp}) for this Bernoulli distribution. If we let Q1 = 1 and a2 =0, then this corresponds to a categorical distribution P, with parameter vector p given by:______.
a. 0.25
b. 0.75
c. (0.25 0.75]^T
d. [0.75 0.25)^T

Answers

Answer:

c. [0.25 0.75] ^T

Step-by-step explanation:

Bernoulli distribution is used to identify number of successes and failures in the selected sample. In the given problem Ber distribution trial is 0.25. There will be categorical distribution of 0.75 and the trial will be done on parameter vector.

Leanne is planning a bridal shower for her best friend. At the party, she wants to serve 33 beverages, 33 appetizers, and 22 desserts, but she does not have time to cook. She can choose from 1313 bottled drinks, 77 frozen appetizers, and 1313 prepared desserts at the supermarket. How many different ways can Leanne pick the food and drinks to serve at the bridal shower

Answers

Answer:

She can pick the food and drinks in 780,780 different ways.

Step-by-step explanation:

The drinks, appetizers and desserts are independent of each other, so the fundamental counting principle is used.

Also, the order in which the beverages, the appetizers and the desserts are chosen is not important, which means that the combinations formula is used to solve this question.

Fundamental counting principle:

States that if there are p ways to do a thing, and q ways to do another thing, and these two things are independent, there are p*q ways to do both things.

Combinations formula:

[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

Beverages:

3 from a set of 13. So

[tex]C_{13,3} = \frac{13!}{3!10!} = 286[/tex]

Appetizers:

3 from a set of 7, so:

[tex]C_{7,3} = \frac{7!}{3!4!} = 35[/tex]

Desserts:

2 from a set of 13, so:

[tex]C_{13,2} = \frac{13!}{2!11!} = 78[/tex]

How many different ways can Leanne pick the food and drinks to serve at the bridal shower?

286*35*78 = 780,780

She can pick the food and drinks in 780,780 different ways.

Jenny has borrowed K2500from a bank at 9.25% p.a. invested for 185 days. How much will she pay back to the bank?​

Answers

Answer:

115.625

PRT/100

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