Calculate the value of
An insurance company sells policies where, for each policy, the policyholder pays the first 50 of the cost of any claim. A claim reported to the insurance company takes some unknown value x.
Identify which of the mathematical expressions below represents the cost in to the insurance company of the claim.
The random variableX has the followingprobability density function ("PDF"):
Calculate: P(x 1.5)
Determine and describe the extreme values of f(x,y) = -x2 - xy - 3y2
For the following data set, calculate the mean and median.
10,8, 5, 7, 14, 5, 3, 9, 5, 8