An insurance company models the amount N of loss (in thousands) if a homeowner has at least
Question:
P(N = n) = k / 2n + 1 for n = 1,2,3,4
with no other possible choices for N. Find the value of k to make this a probability mass function.
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We need to have 1 k 3 k ...View the full answer
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Related Book For
Introduction to Probability
ISBN: 978-0716771098
1st edition
Authors: Mark Daniel Ward, Ellen Gundlach
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