An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X= the number of months between successive payments. The cdf of X is as follows: 0 0.38 15x<3 0.51 35x<4 0.53 45x<6 0.83 65x< 12 12 % x (a) What is the pmf of X? 1 F(x)= p(x) (b) Using just the cdf, compute P(3 s X s 6) and P(4 s X). P(3 ≤ x ≤ 6) = P(4 SX)= 6 12

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.9: Combining Functions
Problem 27PPS
icon
Related questions
Question
100%
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows:
0
x < 1
1<x<3
0.38
0.51 3 ≤ x < 4
0.53 4 ≤ x < 6
6 ≤ x < 12
0.83
1
12 ≤ x
F(x) =
(a) What is the pmf of X?
1
X
p(x)
3
(b) Using just the cdf, compute P(3 ≤ x ≤ 6) and P(4 ≤ X).
P(3 ≤ x ≤ 6) =
P(4 ≤ X) =
4
6
12
Transcribed Image Text:An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: 0 x < 1 1<x<3 0.38 0.51 3 ≤ x < 4 0.53 4 ≤ x < 6 6 ≤ x < 12 0.83 1 12 ≤ x F(x) = (a) What is the pmf of X? 1 X p(x) 3 (b) Using just the cdf, compute P(3 ≤ x ≤ 6) and P(4 ≤ X). P(3 ≤ x ≤ 6) = P(4 ≤ X) = 4 6 12
Expert Solution
steps

Step by step

Solved in 4 steps with 12 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill