Solution Found!
Let the random variable X be the number of days that a certain patient needs to be in
Chapter 2, Problem 2.2-3(choose chapter or problem)
Let the random variable X be the number of days that a certain patient needs to be in the hospital. Suppose X has the pmf
\(f(x)=\frac{5-x}{10}\), x = 1, 2, 3, 4.
If the patient is to receive $200 from an insurance company for each of the first two days in the hospital and $100 for each day after the first two days, what is the expected payment for the hospitalization?
Questions & Answers
QUESTION:
Let the random variable X be the number of days that a certain patient needs to be in the hospital. Suppose X has the pmf
\(f(x)=\frac{5-x}{10}\), x = 1, 2, 3, 4.
If the patient is to receive $200 from an insurance company for each of the first two days in the hospital and $100 for each day after the first two days, what is the expected payment for the hospitalization?
ANSWER:Step 1 of 2
The given pmf is
The person receives 200 dollars each in first two days, and then 100 dollars for the next two.