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Let X be the damage incurred (in $) in a certain type of accident during a given year. Possible X values are 0, 1000, 5000, and 10000, with probabilities 0.84, 0.10, 0.04, and 0.02, respectively. A particular company offers three different policies: a $200 deductible with a $800 premium, a $500 deductible with a $700 premium, and a $1000 deductible with a $580 premium. (A $Y deductible means the insurance company pays X - Y for X Y and X for X Y.) Compute the profit for each policy. Deductible Premium Profit $200 $800 $500 $700 $1000 $580
Point is uniformly distributed in the unit sphere in three dimensions. a) Determine the marginal densities of the x, y, and z coordinates.
more genetics. in problem 33 we learned that for some diseases such as sickle cell anemia an individual will get the
use Microsoft excel, as your graphing calculator, or the binomial probability formula to calculate the probibilities of the following events. Event A: The probability that you will have to oay out exactly $20.
The club professional at a difficult public course boasts that his course is so tough that the average golfer loses a dozen or more golf balls during a round of golf.
in a hospital the time of birth of a baby within an hour interval eg between 500 and 600 in the morning is uniformly
1. in a well known quiz show the contestant is asked to choose between door number 1 door number 2 and door
A local fast-food restaurant has determined that 10% of drive-thru orders are filled incorrectly. Suppose 5 orders are randomly selected. What is the probability that more than one of the orders is filled incorrectly?
If university officials say that at least 70% of the voting student population supporting the fee increase, what conclusion can be drawn based on a 95% level of confidence?
Given that 800 people were aged between 25 and 40, approximately how many had a systolic blood pressure reading greater than 140 and less than or equal to 150?
a researcher is interested in whether students who attend private elementary schools do any better on s standard test
for a normal distribution that has a mean of 100 and a standard deviation of 8determine the z-score for each of the
you are picking a bouquet of 20 flowers for your mother at random from a garden with 25 coneflowers 35 daisies and 42
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