Mathematics, 13.02.2020 18:40 emmaraeschool
(1 point) An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The CDF(cumulative distribution function) of X: F(x)=0, if x < 1,
F(x)=0.4, if 1 <_ x < 3,
F(x)=0.6, if 3 <_ x < 5,
F(x)=0.8, if 5 <_ x < 7,
F(x)=1.0, if x >_ 7.
(a) What is the probability mass function of X?
(b) Compute P(4 < X <_ 7) of X is .
Answers: 1
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(1 point) An insurance company offers its policyholders a number of different premium payment option...
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