23. *An insurance policy pays an individual 100 per day for up to 3 days of hospitalization and 25 per day for each day of hospitalization thereafter. The number of days of hospitalization, X, is a discrete random variable with probability function Pr(X = k) = (1/15)(6 – k), k = 1, 2, 3, 4, 5. Calculate the expected payment for hospitalization under this policy. (019 )

23. *An insurance policy pays an individual 100 per day for up to 3 days of hospitalization and 25 per day for each day of hospitalization thereafter. The number of days of hospitalization, X, is a discrete random variable with probability function Pr(X = k) = (1/15)(6 – k), k = 1, 2, 3, 4, 5. Calculate the expected payment for hospitalization under this policy. (019 )

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Estimation

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23. *An insurance policy pays an individual 100 per day for up to 3 days of
hospitalization and 25 per day for each day of hospitalization thereafter.
The number of days of hospitalization, X, is a discrete random variable
with probability function
Pr(X = k) = (1/15)(6 – k), k = 1, 2, 3, 4, 5.
Calculate the expected payment for hospitalization under this policy.
(213.3)

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