Mathematics, 26.11.2019 22:31 red21120p718de
Professor hohn has an insurance policy on her car with a $500 deductible. this means that if she gets into an accident she will personally pay for 100% of the repairs up to $500, with the insurance company paying the rest.
suppose the the cost of repairs for the next accident is uniformly distributed between $100 and $1500. let x denote the amount professor hohn will have to pay.
(a) find the cumulative distribution function of x.
(b) compute the expected value of x.
Answers: 1
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Professor hohn has an insurance policy on her car with a $500 deductible. this means that if she get...
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