8. Let X and Y be discrete loss random variables with joint density function: Y 24x fxy(x, y) = . x = 1,2,4, y = 2,4,8 x ≤y An insurance policy pays the full amount of the loss variable X and half of the variable Y. Find the probability that the total amount paid by the insurer is not greater than 5. calculate the marginal density functions of the random vector.
8. Let X and Y be discrete loss random variables with joint density function: Y 24x fxy(x, y) = . x = 1,2,4, y = 2,4,8 x ≤y An insurance policy pays the full amount of the loss variable X and half of the variable Y. Find the probability that the total amount paid by the insurer is not greater than 5. calculate the marginal density functions of the random vector.
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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