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Hospitalization Insurance An insurance policy pays an individual $100 per day for up to 3 days of hospitalization and $25 per day for each day of hospitalization thereafter. The number of days of hospitalization, X, is a discrete random variable with probability function
Calculate the expected payment for hospitalization under this policy. Choose one of the following. Source: Society of Actullries.
- (a) $85
- (b) $163
- (c) $168
- (d) $213
- (e) S255
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Chapter 8 Solutions
EBK FINITE MATHEMATICS AND CALCULUS WIT
- Calculus For The Life SciencesCalculusISBN:9780321964038Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.Publisher:Pearson Addison Wesley,Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
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