3. The total claim amount for a health insurance policy follows a distributionwith density function f() = TFon e/1500 for x > 0. The insurance has adeductible of $200. Find the mean andthe standard deviation of the amountthe insurance pays per claim.1500

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Answered: 3. The total claim amount for a health…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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3. The total claim amount for a health insurance policy follows a distribution with density function f(x) = Ton e/1500 for r > 0. The insurance has a deductible of $200. Find the mean andthe standard deviation of the amount the insurance pays per claim. 1500
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3. The total claim amount for a health insurance policy follows a distribution with density function f(x) deductible of $200. Find the mean andthe standard deviation of the amount n e/1500 for a > 0. The insurance has a %3D 1500 the insurance pays per claim.