User Account

All Pages

Find the expected value of a payout.

Assignment Help Basic Statistics
Reference no: EM13957343

1. The probability density function of th a out of x thousand dollars on a certain assurance policy is given by fx(x) - 47K for 1 < x < co, where K is the monthy payment, in do , made on the policy. Policy
holders make monthy payments of either $30, $60 or $90.

The probability of a policy holder is making: the $30 payment is 4; the $60 payment is I; and the$90 payment is 3. Find the expected value of a payout.

Reference no: EM13957343

Questions Cloud

What should be its u.s. w power rating : In Europe the standard voltage in homes is 220V instead of the 120V used in the United States. Therefore a 100W European bulb would be intended for use with a 220V potential difference. If you bring a 100W European bulb home to the United States, w..
Case study of a health care organization''s profitability : In this assessment you will use the data provided below and conduct a profit (CVP) analysis. You will be graded based on your understanding of profit (CVP) analysis, the accuracy of your calculations, the validity of you conclusions and your abili..
Provider of ehr systems for large acute care facilities : QRS EHR Systems, a leading provider of EHR systems for large acute care facilities, proposed that its EHR be installed in both acute care organizations with a $50-60 million price tag.
Determining the initial value problem : Find the solution y(x,K). Is it a continuous function of K? Can it be differentiated with respect to K?
Find the expected value of a payout. : The probability of a policy holder is making: the $30 payment is 4; the $60 payment is I; and the$90 payment is 3. Find the expected value of a payout.
Calculate mechanical advantage of a group of pulleys used : Calculate the mechanical advantage of a group of pulleys used to raise an engine from a car. The engine is raised 1.2 m with the pulleys when 4.8 m of rope is pulled through the pulleys.
Show any wave reflected from boundary has same frequency : Derive an expression for the power reflection coefficient in this case and show that there is total transmission through the boundary at one particular value of the angle of incidence (the Brewster angle).
Provide quantitative data to measure the threats : You are asked to provide quantitative data to measure the likelihood that any of these threats will actually occur for the information assets of the client.
Determining the cost of producing : Manufacturing Cost The weekly production cost C (in dollars) of manufacturing x hand calculators is given by the formula C = 6000 + 8x - x 2 / 1000. What is the cost of producing 1000 hand calculators?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Describe a fictional two-group experiment that could be

describe a fictional two-group experiment that could be tested with an independent t-test but violates the assumption

  The sales of high-brite toothpaste are believed to be

the sales of high-brite toothpaste are believed to be approximately normally distributed with a mean of 5000 tubes per

  How large a sample is necessary for confident of results

A recent poll of 700 people who work indoors found that 278 smoke. If the researchers want to be 98% confident of their results to within 3.5 percentage points, how large a sample is necessary?

  A researcher wishes to estimate the proportion of college

a researcher wishes to estimate the proportion of college students who cheat on exams. a poll of 490 college students

  What is difference between authors pulse rate and the mean

What is the difference between the author's pulse rate and the mean? How many standard deviations is that [the difference found in part (a)]?

  Find probability that the toll collector will have to wait

Cars arrive at a toll booth at a mean rate of five cars every 10 minutes according to a Poisson process. Find the probability that the toll collector will have to wait longer than 26.30 minutes before collecting the eighth toll.

  Suppose the problem statement is as follows roll two 6

suppose the problem statement is as follows. roll two 6 sided dice and add the numbers on the faces. what is the total

  Is this a firm evidence that the the mean concentration of

question during the past 10 years minnesota pollution control agency has measured the concentration of chlorophyll-a

  Determine if the 2 suppliers have equal standard deviations

A random sample of rivets from 2 suppliers were compared to see what the mean diameter was from each and a test to determine whether the population means were the same for the 2 suppliers. Now a comparison of the variation in diameter is needed.

  A new claim comes in at 2250 the claimant is told by the

car insurance claims are normally distributed with a mean of 2100 and a standard deviation of 100. a new claim comes

  The mean difference in total cholesterol levels after -

a new drug to treat high cholesterol is being tested by pharmaceutical company. the cholesterol levels for 27 patients

  A tire manufacturer guarntees that the mean life of a

a tire manufacturer guarntees that the mean life of a certain type of tires is at least 35000 miles.a. state the null

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd