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Question 4 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: F(x)= 0, ifr <0 F(x)=0.3, if 0≤x<3 F(x)=0.55, if 3 6 Using just the cdf, compute P(3≤X ≤ 6). O 0.8 O 0.3 O 0.25 O something else O 0.5

Question 4 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: F(x)= 0, ifr <0 F(x)=0.3, if 0≤x<3 F(x)=0.55, if 3 6 Using just the cdf, compute P(3≤X ≤ 6). O 0.8 O 0.3 O 0.25 O something else O 0.5

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Question 4 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: F(x) = 0, if x < 0 F(x) = 0.3, if 0 ≤ x <3 F(x) = 0.55, if 3 ≤ x < 4 F(x)=0.8, if 4 ≤ x ≤ 6 F(x) = 1, if x > 6 Using just the cdf, compute P (3 < X < 6). O 0.8 O 0.3 O 0.25 O something else O 0.5
Transcribed Image Text:Question 4 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: F(x) = 0, if x < 0 F(x) = 0.3, if 0 ≤ x <3 F(x) = 0.55, if 3 ≤ x < 4 F(x)=0.8, if 4 ≤ x ≤ 6 F(x) = 1, if x > 6 Using just the cdf, compute P (3 < X < 6). O 0.8 O 0.3 O 0.25 O something else O 0.5
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