part 1 of 3 A junior actuary created a simple discrete model for the amount of child support a pro- fessional basketball player pays per month. Let S denote the amount of support. She found the expected child support payment to be E[S] = $2870. Fill in the missing information: S 0 1,000 5,000 10,000 Pr(S) A 0.12 0.01 B part 2 of 3 Compute the standard deviation, σs. (Do not report your answer with a $ sign.) Answer in units of dollars. part 3 of 3 Find the expected amount of support, given that the support is $5000 or $10,000. (Do not report your answer with a $ sign.) Answer in units of dollars. 1. A= 0.65, B= 0.22 ○ 2. A=0.6, B= 0.27 3. A= 0.55, B= 0.32 4. A= 0.63, B= 0.24 Your response... PALETTE Your response... PALETTE

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
part 1 of 3
A junior actuary created a simple discrete
model for the amount of child support a pro-
fessional basketball player pays per month.
Let S denote the amount of support. She
found the expected child support payment to
be E[S] = $2870.
Fill in the missing information:
S 0 1,000 5,000 10,000
Pr(S) A 0.12 0.01 B
part 2 of 3
Compute the standard deviation, σ§. (Do
not report your answer with a $ sign.)
Answer in units of dollars.
part 3 of 3
Find the expected amount of support, given
that the support is $5000 or $10,000. (Do not
report your answer with a $ sign.)
Answer in units of dollars.
○ 1. A= 0.65, B= 0.22
2. A= 0.6, B= 0.27
3. A=0.55, B= 0.32
i
4. A= 0.63, B= 0.24
Your response...
PALETTE
Your response...
PALETTE
Transcribed Image Text:part 1 of 3 A junior actuary created a simple discrete model for the amount of child support a pro- fessional basketball player pays per month. Let S denote the amount of support. She found the expected child support payment to be E[S] = $2870. Fill in the missing information: S 0 1,000 5,000 10,000 Pr(S) A 0.12 0.01 B part 2 of 3 Compute the standard deviation, σ§. (Do not report your answer with a $ sign.) Answer in units of dollars. part 3 of 3 Find the expected amount of support, given that the support is $5000 or $10,000. (Do not report your answer with a $ sign.) Answer in units of dollars. ○ 1. A= 0.65, B= 0.22 2. A= 0.6, B= 0.27 3. A=0.55, B= 0.32 i 4. A= 0.63, B= 0.24 Your response... PALETTE Your response... PALETTE
Expert Solution
Step 1

Given Information:

S denotes the amount of support.

The expected child support payment is ES=$2870

S 0 1000 5000 10000
P(S) A 0.12 0.01 B

 

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON