Mathematics, 24.11.2019 15:31 flore9584
Amedical insurance plan reimburses $100 per day, up to a maximum of five days, for each day the policy
holder is hospitalized. it is estimated that the probability that any person is hospitalized for exactly one
day is 0.001, for exactly two days is 0.002, for exactly three days is 0.003; for exactly four days is 0.004,
and for five or more days 0.008. the annual premium is $10.
(a) construct the probability distribution for x, the number of days hospitalized.
(b) find the mean number of days hospitalized.
(c) construct the probability distribution for y, the profit (or loss) of each policy.
(d) if fifty thousand of such policies were sold, find the expected profit (or loss).
Answers: 2
Mathematics, 21.06.2019 17:00
Aquantity with an initial value of 3900 decays exponentially at a rate of 35% every hour. what is the value of the quantity after 0.5 days, to the nearest hundredth?
Answers: 1
Amedical insurance plan reimburses $100 per day, up to a maximum of five days, for each day the poli...
Mathematics, 23.10.2020 18:20
Mathematics, 23.10.2020 18:20
English, 23.10.2020 18:20
Biology, 23.10.2020 18:20
Mathematics, 23.10.2020 18:20
Mathematics, 23.10.2020 18:20
Mathematics, 23.10.2020 18:20
Chemistry, 23.10.2020 18:20