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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
35.  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 10,000, with probabilities
.8, .1, .08, and .02, respectively. A particular com- pany offers a $500 deductible policy. If the company wishes its expected pro t to be $100, what premium amount should it charge?
36.  The n candidates for a job have been ranked 1, 2, 3, . . . , n. Let X = the rank of a randomly selected candidate, so that X has pmf
Â
1/n    x = 1, 2, 3, . . . , n
Â
graph. From these two pictures, what can you say about V(X) and V(-X)?
b. Â Use the proposition involving V(aX + b) to es- tablish a general relationship between V(X) and V(-X).
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll