Mathematics, 27.03.2020 02:27 itscheesycheedar
Once a fire is reported to a fire insurance company, the company makes an initial estimate, X, of the amount it will pay to the claimant for the fire loss. When the claim is finally settled, the company pays an amount, Y, to the claimant. The company has determined that X and Y have the joint density function.
f(x, y)= 2/x^2(x-1). y^(2x-1)/(x-1) , x>1, y>1
Given that the initial claim estiamted by the comapny is 2, determine the probability that the final settlement amount is between 1 and 3.
Answers: 1
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Once a fire is reported to a fire insurance company, the company makes an initial estimate, X, of th...
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