Question
The magnitude of a claim has the following density function: f(x) = 3/8*x^2 , 0
The magnitude of a claim has the following density function: f(x) = 3/8*x^2 , 0<=x<=2 =0 ; others
It is also known that the time to process claims is x where 0<=x<=2, is uniformly distributed over the intervals x to 2x. Determine the probability of a claim being processed within 3 hours or more.
The answer is 0.17. Please explain why
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STAT 2
Authors: Robert R Johnson, Patricia J Kuby
2nd Edition
1133169953, 9781133169956
