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The claim payments on a sample of ten policies are: 2 3 3 5 5* 6 7 7* 9 10* + indicates that the loss exceeded the policy limit Using the Product-Limit estimator, calculate the probability that the loss on a policy exceeds 8.

The claim payments on a sample of ten policies are: 2 3 3 5 5* 6 7 7* 9 10* + indicates that the loss exceeded the policy limit Using the Product-Limit estimator, calculate the probability that the loss on a policy exceeds 8.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section9.4: The Precision Tree Add-in
Problem 9P
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The claim payments on a sample of ten policies are: 2 3 3 5 5* 6 7 7* 9 10* + indicates that the loss exceeded the policy limit Using the Product-Limit estimator, calculate the probability that the loss on a policy exceeds 8. (A) 0.20 (В) 0.25 (C) 0.30 (D) 0.36 (E) 0.40
Transcribed Image Text:The claim payments on a sample of ten policies are: 2 3 3 5 5* 6 7 7* 9 10* + indicates that the loss exceeded the policy limit Using the Product-Limit estimator, calculate the probability that the loss on a policy exceeds 8. (A) 0.20 (В) 0.25 (C) 0.30 (D) 0.36 (E) 0.40
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