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5-x 10' to receive from an insurance c f(x) = x = 1,2,3,4

5-x 10' to receive from an insurance c f(x) = x = 1,2,3,4

MATLAB: An Introduction with Applications
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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Let the random variable X be the number of months that a certain owner of an estate needs to pay a loan in the Bank if he/she has a contract with insurance company to help him/her to pay a loan. Say X has the p.m.f f(x) = 5x₁, x = 1,2,3,4 10' If the owner of an estate is to receive from an insurance company $200 for each of the first two months in the Bank and $100 for each month after the first two months, what is the expected payment for the loan in the Bank?
Transcribed Image Text:Let the random variable X be the number of months that a certain owner of an estate needs to pay a loan in the Bank if he/she has a contract with insurance company to help him/her to pay a loan. Say X has the p.m.f f(x) = 5x₁, x = 1,2,3,4 10' If the owner of an estate is to receive from an insurance company $200 for each of the first two months in the Bank and $100 for each month after the first two months, what is the expected payment for the loan in the Bank?
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