Aplia, 1 term Printed Access Card for Gravetter/Wallnau's Essentials of Statistics for the Behavioral Sciences, 8th
Aplia, 1 term Printed Access Card for Gravetter/Wallnau's Essentials of Statistics for the Behavioral Sciences, 8th
8th Edition
ISBN: 9781285079707
Author: Frederick J Gravetter, Larry B. Wallnau
Publisher: Cengage Learning
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Chapter 15, Problem 16P

a.

To determine

To Find: If there is significant relationship between the two political groups for the given question.

b.

To determine

To Find: The value of phi-coefficient for the given question.

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30. An individual who has automobile insurance from a certain company is randomly selected. Let Y be the num- ber of moving violations for which the individual was cited during the last 3 years. The pmf of Y isy      | 1       2      4       8      16p(y) | .05   .10   .35   .40   .10 a.Compute E(Y).b. Suppose an individual with Y violations incurs a surcharge of $100Y^2. Calculate the expected amount of the surcharge.
24. An insurance company offers its policyholders a num- ber of different premium payment options. For a ran- domly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: F(x)=0.00  :  x < 10.30  :  1≤x<30.40  :  3≤ x < 40.45  :  4≤ x <60.60  :  6≤ x < 121.00  :  12≤ x a. What is the pmf of X?b. Using just the cdf, compute P(3≤ X ≤6) and P(4≤ X).

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