Mathematics, 28.07.2021 17:20 abby4902

An insurance company offers its policyholders a number of different premium payment options. For a randomly selected policyholder, let X 5 the number of months between successive payments. The cdf of X is as follows: 0 x<1
0.30 1< x <3
F(x)= 0.40 3< x <4
0.45 4< x <6
0.60 6< x <12
1 12< x

Required:
a. What is the pmf of x?
b. Using just the cdf, compute P(3< x <6)and P(4< x)

Answers: 1

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An insurance company offers its policyholders a number of different premium payment options. For a r...