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
(c) 173
(d) 182
(e) 250
Transcribed Image Text:
f(x) = ce-0.004x lo 0 for x ≥ 0 otherwise,
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The median benefit is the value of m such that a m fxdx 12 ...View the full answer
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