a) For how many months should the satellite be insured to be 91% confident that it will last beyond the insurance date? (Round your answer to the nearest month.) months (b) If the satellite is insured for 84 months, what is the probability that it will malfunction before the insurance coverage ends? (Round your answer to four decimal places.) (c) If the satellite is insured for 84 months, what is the expected loss to the insurance company? (Round your answer to the nearest dollar.) $
a) For how many months should the satellite be insured to be 91% confident that it will last beyond the insurance date? (Round your answer to the nearest month.) months (b) If the satellite is insured for 84 months, what is the probability that it will malfunction before the insurance coverage ends? (Round your answer to four decimal places.) (c) If the satellite is insured for 84 months, what is the expected loss to the insurance company? (Round your answer to the nearest dollar.) $
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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Question
A relay microchip in a telecommunications satellite has a life expectancy that follows a
(a) For how many months should the satellite be insured to be 91% confident that it will last beyond the insurance date? (Round your answer to the nearest month.)
months
(b) If the satellite is insured for 84 months, what is theprobability that it will malfunction before the insurance coverage ends? (Round your answer to four decimal places.)
(c) If the satellite is insured for 84 months, what is the expected loss to the insurance company? (Round your answer to the nearest dollar.)
$
(d) If the insurance company charges $3 million for 84 months of insurance, how much profit does the company expect to make? (Round your answer to the nearest dollar.
months
(b) If the satellite is insured for 84 months, what is the
(c) If the satellite is insured for 84 months, what is the expected loss to the insurance company? (Round your answer to the nearest dollar.)
$
(d) If the insurance company charges $3 million for 84 months of insurance, how much profit does the company expect to make? (Round your answer to the nearest dollar.
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