An insurance company offers its policyholders a number of different payment options. For a randomly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: 0 x<1 0 x<1 .20 1s x< 3 .20 1s x< 3 .40 3s x< 4 .30 3s x< 4 () F(x) = ' Alternate (ii) F(x) = {} '.45 4s x< 6 .45 4s x< 6 .70 65 x<12 .70 6sx<12 (1 12s x '(1 12s x Find the pmf of X?

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
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An insurance company offers its policyholders a number of different payment options.
For a randomly selected policyholder, let X = the number of months between successive
payments. The cdf of X is as follows:
0 x<1
0 x<1
.20 1s x< 3
.20 1s x< 3
.40 3< x< 4
.30 3s x< 4
(1) F(x) = }
Alternate (ii) F(x) = {}
.45 4s x< 6
.45 4<x< 6
.70 6< x<12
.70 6< x< 12
|1 12< x
[1 12< x
Find the pmf of X?
Transcribed Image Text:An insurance company offers its policyholders a number of different payment options. For a randomly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: 0 x<1 0 x<1 .20 1s x< 3 .20 1s x< 3 .40 3< x< 4 .30 3s x< 4 (1) F(x) = } Alternate (ii) F(x) = {} .45 4s x< 6 .45 4<x< 6 .70 6< x<12 .70 6< x< 12 |1 12< x [1 12< x Find the pmf of X?
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