Homework Help Question & Answers

Let X and Y denote the remaining lifetimes of a husband and wife. Assume that the remaining lifet...

Let X and Y denote the remaining lifetimes of a husband and wife. Assume that the remaining lifetime of each person has an ex

Let X and Y denote the remaining lifetimes of a husband and wife. Assume that the remaining lifetime of each person has an exponential distribution with mean λ and that the remaining lifetimes are independent. An insurance company offers two products to married couples: One which pays when the first spouse dies, that is, at time min(X,Y), and one which pays when the second spouse dies, that is, at time max(X,Y). Calculate the covariance between the two payment timers.
0 0
ReportAnswer #1

pC. Х>1 ) , p(y>uỳ@> 1 = - 24 Fuu) E(U): 호26-a2) 6cov (UN) --ㄧㄧㄨㄧ

Add Homework Help Answer
Add Answer of:
Let X and Y denote the remaining lifetimes of a husband and wife. Assume that the remaining lifet...
Your Answer: Your Name: What's your source?
Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Need Online Homework Help?
Ask a Question
Get FREE EXPERT Answers
WITHIN MINUTES