Explanation Given: The density function f ( x ) = { 2 x for 0 < x < 1 0 otherwise } , The probability that the insurance payment is less than 0.5 is equal to 0.64 . Approach: The payment is deductible amount subtracted from the loss. Calculation: Calculate the amount paid when the loss is less than 0.5 . P ( payment<0 .5 ) = P ( X − C < 0

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ISBN: 9780321964038

Author: GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher: Pearson Addison Wesley,

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Chapter 13.1, Problem 45E

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The value of C for the density function f(x)={2x for 0<x<10 otherwise }.

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Chapter 13.1, Problem 36E

Chapter 13.1, Problem 47E

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The value of C for the density function f ( x ) = { 2 x for 0 < x < 1 0 otherwise } .

Solution Summary: The author explains that the probability of the insurance payment is less than 0.5 is equal to 0.64.

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To find:

The value of C for the density function f(x)={2x for 0<x<10 otherwise }.

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Chapter 13 Solutions

The value of C for the density function f ( x ) = { 2 x for 0 &lt; x &lt; 1 0 otherwise } .

Solution Summary: The author explains that the probability of the insurance payment is less than 0.5 is equal to 0.64.

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To find: The value of C for the density function f(x)={2x for 0<x<10 otherwise }.

Want to see the full answer?

Chapter 13 Solutions

The value of C for the density function f ( x ) = { 2 x for 0 < x < 1 0 otherwise } .

To find:

The value of C for the density function f(x)={2x for 0<x<10 otherwise }.