mount of the loss having pmf 0.9 с x f(x): { x=0 x = 1,2,3,4,5,6 here c is a constant. a) Find c. b) Find the expected value of the amount the insurance company must pay.

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Author:Amos Gilat
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4. An insurance company sells an automobile policy with a deductible of one unit. Let X be the
amount of the loss having pmf
0.9
f(x) =
x = 0
x = 1,2,3,4,5,6
where c is a constant.
a) Find c.
b) Find the expected value of the amount the insurance company must pay.
Transcribed Image Text:4. An insurance company sells an automobile policy with a deductible of one unit. Let X be the amount of the loss having pmf 0.9 f(x) = x = 0 x = 1,2,3,4,5,6 where c is a constant. a) Find c. b) Find the expected value of the amount the insurance company must pay.
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