Mathematics, 06.06.2020 18:57 ryan23allen
An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is the following.
y 0 1 2 3
p(y) 0.45 0.20 0.30 0.05
Required:
a. Compute E(Y).
b. Suppose an individual with Y violations incurs a surcharge of $80V. Calculate the expected amount of the surcharge
Answers: 1
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An individual who has automobile insurance from a certain company is randomly selected. Let Y be the...
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