An individual who has automobile insurance from acertain company is randomly selected. Let Y be thenumber of moving violations for which the individualwas cited during the last 3 years. The pmf of Y is XON46 y 0 2 p(y) 0.6 0.25 0.10 0.05 Suppose an individual with Y violations incurs a surcharge of $100. Calculate the standard deviation of the surcharge Y. 1.48 1.72 2.2 1.2

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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An individual who has automobile insurance from acertain company is randomly selected. Let Y be thenumber of moving violations
for which the individualwas cited during the last 3 years. The pmf of Y is
y p(y)
0
0.6
0.25
0.10
0.05
2
4
6
Suppose an individual with Y violations incurs a surcharge of $100. Calculate the standard deviation of the surcharge Y.
1.48
1.72
2.2
1.2
Transcribed Image Text:An individual who has automobile insurance from acertain company is randomly selected. Let Y be thenumber of moving violations for which the individualwas cited during the last 3 years. The pmf of Y is y p(y) 0 0.6 0.25 0.10 0.05 2 4 6 Suppose an individual with Y violations incurs a surcharge of $100. Calculate the standard deviation of the surcharge Y. 1.48 1.72 2.2 1.2
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