2.2-4. An insurance company sells an automobile policy with a deductible of one unit. Let X be the amount of the loss having pmf (09

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2.2-4. An insurance company sells an automobile policy with a deductible of one unit.
Let X be the amount of the loss having pmf
f(x) =
0.9,
{
x = 0,
x = 1, 2, 3, 4, 5, 6
where c is a constant. Determine c and the expected value of the amount the insurance
company must pay.
Transcribed Image Text:2.2-4. An insurance company sells an automobile policy with a deductible of one unit. Let X be the amount of the loss having pmf f(x) = 0.9, { x = 0, x = 1, 2, 3, 4, 5, 6 where c is a constant. Determine c and the expected value of the amount the insurance company must pay.
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