Question

3. (4 points) A manufacturers annual losses follow a distribution with density function: 2.5(0.6)2.5 f(x)235x 0 elsewhere To
0 0
Add a comment Improve this question Transcribed image text
Answer #1

>0.6 Annual de duble 3 urance sndeducted amua u9 dlx1.3 0.2. Eh 1.S t.S 1.S 1 S み, Ex) lance,Mean manuaekes ann

Add a comment
Know the answer?
Add Answer to:
3. (4 points) A manufacturer's annual losses follow a distribution with density function: 2.5(0.6)2.5 f(x)235x 0 elsewhere To cover its losses, the manufacturer purchases an insurance policy...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1. A manufacturer’s annual losses follow a distribution with density function f(x) = 2.5(0.6)2.5/ x 3.5...

    1. A manufacturer’s annual losses follow a distribution with density function f(x) = 2.5(0.6)2.5/ x 3.5 , x > 0.6 0, otherwise. The manufacturer purchases an insurance policy to cover its annual losses with an annual deductible of 2. Calculate the mean of the manufacturer’s annual losses paid by the insurance policy. (A) 0 (B) 0.05 (C) 0.07 (D) 0.12 (E) 0.16 1. A manufacturer's annual losses follow a distribution with density function 2.5(0.6)2.5 f(x)-350.6 0, otherwise The manufacturer purchases...

  • An insurance policy has a deductible of 10. Losses follow a probability distribution with density fx...

    An insurance policy has a deductible of 10. Losses follow a probability distribution with density fx (x) = xe* for 3 > 0 and fx (xv) = 0 otherwise. Find the expected payment Possible Answers [A]e-10 [B]2e-10 (0/106-10 (E 100e-10

  • An insurance policy covers losses X and Y which have joint density function 24y f(x,y) , y>0. (a)...

    An insurance policy covers losses X and Y which have joint density function 24y f(x,y) , y>0. (a) Find the expected value of X (b) Find the probability of a payout if the policy pays X + 2Y subject to a deductible of 1 on X and 1 on 2Y. (c) Find the probability of a payout if the policy pays X +2Y subject to a deductible of 2 on the total payment X + 2Y An insurance policy covers...

  • 3. An insurance policy covers losses X and Y which have joint density function (a) Find the expec...

    parts a, b and c please 3. An insurance policy covers losses X and Y which have joint density function (a) Find the expected value of X. (b) Find the probability of a payout if the policy pays X + 2Y subject to a deductible of 1 on X and 1 on 2Y (c) Find the probability of a payout if the policy pays X +2Y subject to a deductible of 2 on the total payment X +2Y. 3. An...

  • 7. An insurance policy is written to cover a loss X where X has density function...

    7. An insurance policy is written to cover a loss X where X has density function f(x)x3 0 elsewhere The time T (in hours) to process a claim of size x, where 0 < x <3, is uniformly distributed on the interval from x/2 to 3x. Calculate the probability that a randomly chosen claim on this policy is processed in four hours or more. In a small metropolitan area, annual losses due to storm, fire, and theft are assumed to...

  • An insurance policy covers losses X and Y which have joint density function 24y f(x,y) ,...

    An insurance policy covers losses X and Y which have joint density function 24y f(x,y) , y>0. (a) Find the expected value of X (b) Find the probability of a payout if the policy pays X + 2Y subject to a deductible of 1 on X and 1 on 2Y. (c) Find the probability of a payout if the policy pays X +2Y subject to a deductible of 2 on the total payment X + 2Y

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT