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An insurance company offers its policyholders a number of
Chapter 4, Problem 24E(choose chapter or problem)
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = the number of months between successive payments. The cdf of X? ?is as follows: a.? ?What is the pmf of ?X?? b.? ?Using just the cdf, compute P(3 ? X ? 6) and P( 4 ? X).
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QUESTION:
An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = the number of months between successive payments. The cdf of X? ?is as follows: a.? ?What is the pmf of ?X?? b.? ?Using just the cdf, compute P(3 ? X ? 6) and P( 4 ? X).
ANSWER:Answer : Step 1 of 3 : Given, An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X = the number of months between successive payments. The cdf of X is as follows: