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Mathematics, 01.02.2021 20:50 abraham1366
1. An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X be the number of months between successive payments. The cdf of X is as follows: F(x) = ⎧⎪ ⎪ ⎪ ⎪ ⎨ ⎪ ⎪ ⎪ ⎪⎩ 0 x < 1 0.25 1 ≤ x < 3 0.35 3 ≤ x < 4 0.50 4 ≤ x < 6 0.70 6 ≤ x < 12 1 12 < x Compute P(3 ≤ X ≤ 6). a) 0.35 b) 0.40 c) 0.45 d) 0.50 e) 0.55
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