An insurance policy reimburses dental expense, X, up to a maximum benefit of 250. The probability density

Question:

An insurance policy reimburses dental expense, X, up to a maximum benefit of 250. The probability density function for X is

where c is a constant. Calculate the median benefit for this policy. Choose one of the following.

(a) 161

(b) 165

(d) 182

(e) 250

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

See More Books

Question Posted: Jan 23, 2023 03:41 AM

The table below presents 5 different series of costs (abeled A through E) measured at varlous volume levels. dentily series A through E as either fixed, varlable, mixed, step-wise, or curvilinear....
The probability density function for an exponential distribution is ex where x is the value of the variable and is a parameter. The cumulative probability distribution is 1 ex. Suppose that two...
The probability density function for the life span of an electronics part is f (t)=0.08e -0.08t, where t is the number of months in service. Find the probability that any given part of this type...
For a certain company, the cost function for producing x items is C(x)=30x+100 and the revenue function for selling x items is R(x)=0.5(x70)^2+2,450 . The maximum capacity of the company is 100...
Consider two populations for which 1 = 30, 1 = 2, 2 = 25, and 2 = 3. Suppose that two independent random samples of sizes n 1 = 40 and n 2 = 50 are selected. Describe the approximate sampling...
Based on the shoe manufacturing scenario you developed for Question 4, provide responses to the ethical decision-making evaluation questionnaire from Exhibit 3.6. Provide a rationale for your...
Determining the Future Value of Education. Jenny Lopez estimates that as a result of completing her masters degree, she will earn an additional $8,000 a year for the next 40 years. a. What would be...
Future Value and Multiple Cash Flows Paradise, Inc., has identified an investment project with the following cash flows. If the discount rate is 8 percent, what is the future value of these cash...
Problem 3 - 3 A Preparing adjusting entries, adjusted trial balance, and financial statements P 1 P 2 P P 3 P 4 [ Wells Technical Institute ( WTI ) , a school owned by Tristana Wells, provides...
The employer required its employees to use its physicians in their hospital. One of the employees wanted to go to an outside physician known to the family, the employer refused the request. In the...
Find all equilibrium points and determine their stability. dy dx y(y - 1)
An insurance companys monthly claims are modeled by a continuous, positive random variable X, whose probability density function is proportional to (1 + x) -4 , where 0 < x < . Determine the companys...
Listed below are a number of research questions and hypotheses from actual published articles. For each hypothesis, identify the independent and dependent variable. a. The use of color in a Yellow...
Dr. Kovaleski is interested in examining whether quantity of sleep impacts problem solving ability. To test problem solving ability, the research team gave participants a puzzle and measured how long...
Can you please help me fill out the spreadsheet? Idexo Corporation is a privately held designer and manufacturer of licensed college apparel in Cincinnati, Ohio. In late 2020, after several years of...
CHECK FIGURE: Adjusted book balance = $2,837.06 Mae Telford, the controller of the Baylor Company, provided the following information: Bank statement balance Add: Baylor Company Bank Reconciliation...
Read the Scenario Congratulations, you are now the Police Chief in Anytown, USA. A city with 30,000 residents and you are responsible to provide 24 hour a day police coverage. You have a total of 45...
Here are summary statistics for randomly selected weights of newborn girls: n = 36, x = 3180.6 g, s = 700.5 g. Use a confidence level of 99% to complete parts (a) through (d) below. a. Identify the...
Solve the inequality: x 1/x + 4 > 0.
6 (a) Briefly develop a mathematical model of the behaviour of a copper-twisted pair cable (b) Derive the magnetic energy from: w given that: K + w, where the - - k symbols have their usual meaning...
Perform the indicated operations. (4y 2 3y + 8) (2y 2 6y 2)
Write each rational expression in lowest terms. 25p 3 /10p 2
Factor each polynomial. If a polynomial cannot be factored, write prime. Factor out the greatest common factor as necessary. 7a 3 + 14a 2
If John invested $20,000 in a stock paying annual qualifying dividends equal to 4% of his investment, what would the value of his investment be 5 years from now? Assume Johns marginal ordinary tax...
help asap please!
Please, help asap! I have one day. Feedback will be given. & show some work. [in Excel] For the final project you will need you to create a spreadsheet /proforma of the cash flows from a property....

An insurance policy reimburses dental expense, X, up to a maximum benefit of 250. The probability density

Question:

f(x) = ce-0.004x lo 0 for x ≥ 0 otherwise,

Step by Step Answer:

The median benefit is the value of m such that a m fxdx 12 ...View the full answer

Calculus With Applications

Students also viewed these Mathematics questions