Dental Insurance An insurance policy reimburses dental expense, X, up to a maximum benefit of 250. The probability density function for X is -0.004x for x 2 0 f(x) = otherwise, where c is a constant. Calculate the median benefit for this policy. Choose one of the following. (Hint: As long as the expenses are less than 250, the expenses and the benefit are equal.) Source: Society of Actuaries. (a) 161 (b) 165 (c) 173 (d) 182 (е) 250

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Dental Insurance An insurance policy reimburses dental
expense, X, up to a maximum benefit of 250. The probability
density function for X is
-0.004x
for x 2 0
f(x) =
otherwise,
where c is a constant. Calculate the median benefit for this
policy. Choose one of the following. (Hint: As long as the
expenses are less than 250, the expenses and the benefit are
equal.) Source: Society of Actuaries.
(a) 161
(b) 165
(c) 173
(d) 182
(е) 250
Transcribed Image Text:Dental Insurance An insurance policy reimburses dental expense, X, up to a maximum benefit of 250. The probability density function for X is -0.004x for x 2 0 f(x) = otherwise, where c is a constant. Calculate the median benefit for this policy. Choose one of the following. (Hint: As long as the expenses are less than 250, the expenses and the benefit are equal.) Source: Society of Actuaries. (a) 161 (b) 165 (c) 173 (d) 182 (е) 250
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